Renzenbrink & Partner advises Crosslantic Capital on investment in Sonnenwelt and Xando Energy
22 March 2023
Crosslantic Capital, an independent growth equity investor focused on fast-growing companies, has invested a double-digit million amount in the solar specialist companies Sonnenwelt GmbH based in Langenfeld, Germany, and Xando Energy Services LLC based in Fort Myers, Florida. Renzenbrink & Partner has advised Crosslantic Capital comprehensively on the legal aspects in connection with both investments.
Sonnenwelt GmbH and its sister company Xando Energy Services LLC are active in the field of sales and installation of photovoltaic systems and energy storage for private customers and SMEs. Since its foundation, the companies have planned and implemented more than 2,000 solar systems with a total capacity of over 20 MWp. In 2020, Xando was awarded the „Panasonic Fastest Growing Installer of the Year Award“ and – like Sonnenwelt – has achieved annual sales growth of between 70% and 120% since then. In addition, the reputable US solar data platform „Ohm Analytics“ named Xando as one of the fastest growing solar companies in the US.
Integrated advice on matters of US law was provided by the US law firm Barnes & Thornburg, Chicago (Timo Rehbock and team).