Ventizz Acquires Solar Company Sovello AG

Ventizz Capital Partners Advisory AG, Düsseldorf, which has a focus on technology-oriented high-growth companies, acquired 100% of Sovello AG from Evergreen Solar Inc, Q-Cells SE and REC ASA for its Ventizz Capital Fund IV, L.P.

Sovello AG located in Bitterfeld-Wolfen, Saxony-Anhalt, is a fully integrated solar producer whose product range comprises wafers, cells and modules.

Ventizz announced to increase the equity of Sovello AG by an amount in the double-digit million Euro range and to largely eliminate the company’s debt.

The change in ownership is subject to the approval by the participating financial institutions as well as antitrust, state and local authorities.

Source: Ventizz Capital Partners

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