1 Minute Read by Reuters Staff Reuters, FRANKFURT, July 8 – Enpal, a German photovoltaics leasing company, has raised 100 million euros ($118 million) in equity as part of its plan to rapidly grow its business and provide solar rooftop systems to one million homeowners by the end of the decade. The funding was led by HV Capital, with participation from SolarCity co-founder Peter Rive, HelloFresh co-founder Thomas Griesel, and former Auto1 manager Christopher Muhr, as well as Heliad Equity, E.R. Capital, and Friba Investment. According to persons familiar with the subject, the acquisition values Enpal at over 700 million euros. The corporation did not respond to a request for comment on the valuation. Enpal’s revenues were 56 million euros last year, and they’re expected to quadruple this year. Enpal is not considering an initial public offering or a merger with a blank check provider at this time, according to Mario Kohle, the company’s founder, who launched the company in 2017. Berenberg was the deal’s lone primary arranger. 1 euro Equals 0.8445 dollars Arno Schuetze contributed reporting. Mark Potter did the editing./n
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