YPOG has advised OBI Group Holding SE & Co. KGaA on the acquisition of a majority stake in Enovato GmbH, known in the market as 42watt. OBI, Germany's best-known DIY store brand, is thus deepening its partnership with Munich-based clean tech company 42watt, which has been in place since November 2023, and is driving forward its strategic development as a holistic solution provider for sustainable homes.
42watt is a clean tech pioneer specializing in energy-efficient building renovation with a digital one-stop-shop approach for residential building owners. The company supports homeowners from the initial consultation, through individual renovation roadmaps and subsidy advice, to the planning, implementation, and subsequent optimization of building operations. Through its own network of local specialist companies and a manufacturer-independent product selection, 42watt enables tailor-made solutions, particularly in the area of heat pumps and other efficiency measures.
With its majority stake, OBI is laying the foundation for making 42watt's technology and services available to a broad customer base via obi.de, the heyOBI app, and, in the future, in more than 350 stores in Germany.
“OBI's majority stake in 42watt demonstrates the central role that innovative clean tech solutions play in the energy transition in the building sector. We are delighted to have advised OBI on this strategically important transaction,” comments Johannes Janning, partner at YPOG.
About OBI
#allesmachbar – One of the leading destinations for DIY in Germany and Europe.
With OBI, you can shape and personalize your home creatively and independently. The product range includes tools, materials, and services for home improvement, construction, and gardening. Empowering people to design and realize their homes according to their own ideas, abilities, and DIY skills is OBI’s top priority.
In addition to its brick‑and‑mortar stores, OBI leverages digital customer communication and advisory services through its platform heyOBI. Today, OBI operates more than 650 stores across Europe. Alongside its home market in Germany, OBI is also active in eight other European countries: Italy, Austria, Poland, Switzerland, Slovenia, Slovakia, the Czech Republic, and Hungary. OBI is part of the Tengelmann Group.
Team
Dr. Johannes Janning (Lead, Transactions), Partner, Cologne
Dr. Tim Walter (Transactions), Senior Associate, Cologne
Laura Franke (Transactions), Senior Project Lawyer, Cologne
Janic Salcedas (Transactions), Associate, Cologne
Paul Harenberg (Transactions), Associate, Cologne
Nina Ahlert (Transactions), Senior Associate, Cologne
Jörg Schrade (Tax), Partner Munich
Ninetta Kleindienst (Tax), Associate, Munich
Janco Herzig (Tax), Senior Associate, Hamburg
Dr. Benedikt Flöter (IP/IT/Data Protection), Partner, Berlin
Lea Ossmann-Magiera (IP/IT/Data Protection), Associate, Berlin
Anna Eickmeier (IP/IT/Data Protection), Associated Partner, Berlin
Press Contact
About us
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 180 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Cologne, Hamburg, Munich, Cambridge and London.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog