Hamburg, 20 July 2015 – The CEE Group has issued its first registered bond, which was successfully placed. A large German insurer subscribed for the entire EUR 40 million bond. The transaction was based on the BBB investment grade rating assigned to CEE Holding by the independent agency Creditreform Rating. Through its parent, the investment company Lampe Equity Management (LEM), CEE is owned by Bankhaus Lampe. In issuing this registered bond, the CEE Group has opted for a previously unused method of debt funding to place its funding structure on a broader basis.
Independently of the registered bond, the CEE Group has also reported a further funding success. A large German pension fund has closed the third EUR 75 million sub-fund for CEE. Further sub-funds are already in the planning stage. The capital raised – EUR 115 million in total – is to be used to acquire new solar and wind power projects in Europe.
“The fact that, within a short period, we successfully placed our first registered bond and closed a further sub-fund demonstrates the enormous trust that investors have in the CEE Group and its portfolio,” explains Detlef Schreiber, the CEE of CEE and LEM. “Renewables remain one of the most attractive investment opportunities in alternative assets. CEE therefore plans to grow further in this new asset class.”
The CEE Group manages a portfolio with EUR 1 billion of assets. With a portfolio size of more than 400 megawatts in renewables, it is one of the largest independent producers of green electricity in Germany.
Lampe Equity Management GmbH
phone: +49 (0)40 688 788 62