![Photo: Christian Ollig, Partner at KKR in Frankfurt a. M. and Head of the DACH region](https://cdn.fyb.de/wp-content/uploads/2024/06/christian-ollig-kkr-partner-400x400.jpeg)
Acceptance rate of KKR for ENCAVIS takeover is 87.41 percent
Frankfurt a. M. — KKR’s takeover offer for a total of 87,007,448 Encavis shares was accepted in due time on June 18, 2024. This corresponds to approximately 87.41 percent of all outstanding Encavis Shares, including the Encavis Shares which ABACON and other shareholders have sold to the Bidder under binding agreements or which will be transferred to the Bidder by way of a roll-over. KKR intends to complete the delisting of Encavis as soon as legally and practically possible in order to benefit from the financial flexibility and long-term commitment of KKR and Viessmann in private ownership. On March 14, 2024, the bidder announced a voluntary public takeover offer for all outstanding Encavis shares. Viessmann is investing as a shareholder in the consortium led by KKR. The voluntary public takeover offer is still subject to the conditions set out in sections 12.1.1, 12.1.3 (ii), (iv), (v) and 12.1.4 of the Offer Document. The transaction is expected to be completed in the fourth quarter of 2024. The offer document and further information are available at www.elbe-offer.com. In March 2024, the family-owned company Viessmann, together with KKR, announced a new strategic investment in Encavis, one of the leading platforms for renewable energies based in Hamburg. As part of the transaction, Viessmann invested as a shareholder in the KKR-led consortium. About KKR KKR is a leading global investor providing alternative asset management, capital markets and insurance solutions. The focus is on generating attractive investment returns through a long-term and disciplined investment approach, employing highly skilled professionals and supporting growth at its investment properties and in the communities where KKR has a presence. KKR finances funds that invest in private equity, credit products, real assets, and — through strategic partners — hedge funds. KKR’s insurance subsidiaries offer pension, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may also refer to the activities of funds managed by KKR and its insurance subsidiaries. KKR launched its global infrastructure business in 2008 and has since grown to become one of the largest infrastructure investors in the world with a team of more than 115 dedicated investment professionals. The company currently (as of December 31, 2023) manages infrastructure assets of around USD 59 billion worldwide and has made over 80 infrastructure investments in a range of sub-sectors and regions. KKR’s infrastructure platform is specifically designed for long-term, capital-intensive structural investments. Further information about KKR & Co. Inc. (NYSE: KKR), can be found on the KKR website at www.kkr.com. For more information about Global Atlantic Financial Group, please visit the Global Atlantic Financial Group website at www.globalatlantic.com. About Viessmann Founded in 1917, the independent family-owned company Viessmann is today a global, broadly diversified group. All activities are based on the corporate mission statement “We create living spaces for future generations” — this is the passion and responsibility that drives the members of the large global Viessmann family every day. In line with this goal, Viessmann offers companies and co-creators an ecosystem that is committed to avoiding, reducing and storing CO2 beyond the heating industry. About Encavis Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a producer of electricity from renewable energies listed on the MDAX of Deutsche Börse AG. As one of the leading independent power producers (IPP), Encavis acquires and operates (onshore) wind and solar parks in twelve European countries. The plants for sustainable energy generation generate stable income through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPAs). The Encavis Group’s total generation capacity currently amounts to more than 3.5 gigawatts (GW), of which around 2.2 GW is generated by Encavis AG, which corresponds to a saving of around 0.8 million tons of CO2 per year by Encavis AG alone. In addition, the Group currently has around 1.2 GW of generation capacity under construction, including around 830 MW in its own portfolio. Within the Encavis Group, Encavis Asset Management AG specializes in the area of institutional investors. Stern Energy S.p.A., which is also part of the Encavis Group and headquartered in Parma, Italy, is a specialized provider of technical services for the Europe-wide installation, operation, maintenance, revamping and repowering of photovoltaic systems. Encavis is a signatory to the UN Global Compact and the UN PRI network. Encavis AG’s environmental, social and governance performance has been recognized by two of the world’s leading ESG research and rating agencies. MSCI ESG Ratings rates Encavis’ sustainability performance with an “AA” level, while the internationally renowned ISS ESG awards Encavis “Prime” status. www.encavis.com