SENCO Hydrogen Capital Invests EUR20 Million in Strohm B.V. with DLA Piper's Guidance
Key Ideas
  • SENCO Hydrogen Capital, a German private equity firm, invests EUR20 million in Strohm B.V., a Dutch company specializing in innovative pipelines.
  • Strohm aims to reduce CO2 emissions in the pipeline infrastructure sector through the development of thermoplastic composite pipelines.
  • DLA Piper advised on the transaction, showcasing their commitment and experience in the hydrogen sector.
  • The investment underlines a joint commitment to sustainable energy supply and signifies high growth momentum in energy transition supplier companies.
SENCO Hydrogen Capital (SENCO), a German private equity firm focusing on investments in the hydrogen space, has made a significant EUR20 million equity investment in Strohm B.V., a Dutch company known for its innovative pipelines in both conventional and renewable energy sectors. Strohm specializes in the development of thermoplastic composite pipelines aimed at reducing CO2 emissions in the pipeline infrastructure sector, aligning with the goals of a more sustainable energy supply. The investment marks a milestone for both SENCO and Strohm, highlighting their dedication to a greener future and supporting the growth of companies contributing to the energy transition. DLA Piper, a leading global law firm, provided legal counsel on the transaction. Previously, in 2023, DLA Piper had advised on a business combination involving exceet and APEX Group, further showcasing their expertise and interest in the hydrogen sector. APEX Group, a key player in green hydrogen electrolysis plants for industry decarbonization, demonstrates the firm's involvement in sustainable energy solutions. The DLA Piper team, led by a group of private equity lawyers from the Netherlands and Germany, including partners Jochem Beurskens and Andreas Füchsel, emphasized their commitment to supporting investments that promote sustainability and innovation in the energy sector. This investment underscores the growing importance of hydrogen technologies and signals a positive outlook for the future of renewable energy.
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