Schönherr advises Liechtenstein on investment in Tesvolt
Princely house invests. Schönherr advised the Liechtenstein Group on its EUR 40 million investment in Tesvolt GmbH: Tesvolt is an energy storage specialist for trade and industry.
A consortium of investors led by Liechtenstein Group Tesvolt is providing EUR 40 million equity. This financing round enables Tesvolt to accelerate its international activities and to advance the development of innovative products for energy storage solutions, as it is called. The investment complements the existing renewable energy portfolio of the Liechtenstein Group.
The enterprise
The Liechtenstein Group is a group of companies owned by the Princely House of Liechtenstein that is internationally active in the fields of agriculture & food, forestry, renewable energies and real estate. The group invests in sustainable and innovative business models.
The Schönherr team was led by Alexander Popp (partner) and consisted of Gregor Petric (counsel), Daniel Wadl (trainee lawyer) and Thomas Kulnigg (partner). “We are very pleased that we were able to advise the Liechtenstein Group on this investment and thus cite further developments in the energy sector,” said Popp.