Lazard Sustainable Private Infrastructure Strategy acquires Collective Energy GmbH

PRESS RELEASE

NEW YORK, May 22, 2024 – Lazard Asset Management (LAM) today announced that its Sustainable Private Infrastructure (Lazard SPI) strategy has executed a binding agreement to acquire 100% ownership of Collective Energy GmbH (the Company), an Austrian company providing advisory services and solar generation solutions to commercial customers.

This investment reflects the further growth and diversification of the Lazard SPI strategy in Europe, and builds on the Lazard SPI team’s experience in establishing and growing renewable energy platforms – including Shawton Energy, a renewable technology provider with expertise in turnkey and fully funded solar PV projects in the UK.

Collective Energy specialises in owning and operating rooftop solar PV systems and consulting to communities and commercial clients. The Company represents a rare opportunity to invest in the Austrian infrastructure market. Partnering with a highly commercial management team, Lazard SPI will aim to support the Company’s growth by funding projects with new and existing clients and exploring adjacent growth opportunities.

"There is significant forecast growth in behind-the-meter energy generation in Austria and we are confident that Collective Energy can build on its long-term contracts with multi-site clients and diversified revenue base to deliver this next generation of renewable energy” said Robert Wall, Head of Sustainable Private Infrastructure, LAM.
“The Blue Minds Company (the Seller) is proud to have supported Collective Energy from its inception to becoming a one-stop-shop solution for Austrian clients looking to improve their sustainability credentials” said Eveline Steinberger, Executive Director of The Blue Minds Company, and Chairperson-elect, Collective Energy.
“My colleagues and I are excited to work with Lazard Asset Management to accelerate our mission to provide affordable and renewable energy to communities and businesses” said Christoph Zinganell, CEO, Collective Energy.
Robert Wall

Media contact

Wim Heirbaut

Senior PR Consultant, Befirm

Lazard Asset Management, a subsidiary of Lazard, Inc. (NYSE: LAZ), offers a range of equity, fixed income, and alternative investment products worldwide. As of April 30, 2024, Lazard’s asset management businesses managed approximately $240.8 billion of client assets. For more information about LAM, please visit www.LazardAssetManagement.com.

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About Lazard

Founded in 1848, Lazard is one of the world's preeminent financial advisory and asset management firms, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. For more information, please visit www.lazard.com.

The information provided is not intended to constitute investment advice and is for information purposes only. The information provided herein should not be considered a recommendation or solicitation to purchase, retain or sell any particular security. It should also not be assumed that any investment in these securities was or will be profitable.

FOR FINANCIAL PROFESSIONAL USE ONLY.

This information is provided by the Belgian Branch of Lazard Fund Managers Ireland Limited, at Blue Tower Louise, Avenue Louise 326, Brussels, 1050 Belgium.