Press releases

Frankfurt am Main, 24.08.2023

Capcora has successfully assisted the shareholders of the renowned online marketplace for PV systems, Milk the Sun, in the sale of all shares to AKV Holding GmbH ("AKV Holding"). This strategically significant step is part of a comprehensive succession plan. AKV Holding, led by entrepreneur Andreas Köhler, who has previously founded the successful Solar Direktinvestment GmbH, is acquiring the company. Both parties have agreed to maintain confidentiality regarding the details of this transaction.

Founded in 2012, Milk the Sun has established itself as a leading international marketplace for direct investments in commercial-scale PV projects and services. The company has supported transactions in over 50 countries worldwide, with the main market being mature central European countries, particularly Germany. Milk the Sun provides a comprehensive platform for independent investors and operators of commercial solar installations.

The company has achieved remarkable growth, having facilitated over 1,000 PV projects worldwide with a total capacity of approximately 1.9 GWp and a transaction volume of more than one billion euros since its inception. More than 41,000 users and over 350 contacts in Engineering, Procurement, and Construction ("EPC") and installation sectors are available on the platform to support users throughout the entire process.

Milk the Sun's revenue comes from different sources, with the primary source being brokerage fees arising from buyers acquiring PV projects through the platform. Additional revenue is generated through premium platform features and services.

When selecting a suitable partner, the strategic approach of the investor was crucial for the shareholders. Another concern for the existing shareholders was ensuring continuity in the company's technical leadership and providing job security for employees.

"The acquisition of Milk the Sun is a significant milestone in the development of our company. We are confident that AKV Holding is the right choice to ensure the continuation of our work in the renewable energy sector," says Dirk Petschick, previous shareholder and managing director of Milk the Sun.

"Our task was to coordinate the entire process in close collaboration with the shareholders. We are pleased to have found a reliable partner to ensure the company's future development," explained Jochen Magerfleisch, Managing Partner at Capcora.

"The acquisition of Milk the Sun represents an important strategic step for us and expands our business area in a meaningful way. We see clear synergies between our current activities and the potential of Milk the Sun," commented Andreas Köhler, Managing Director of AKV Holding.

About Milk the Sun:

Founded in 2012, Milk the Sun has established itself as a leading international marketplace for direct investments in commercial-scale PV projects and services. The company has supported transactions in over 50 countries worldwide, with the main market being mature central European countries, particularly Germany. Milk the Sun provides a comprehensive platform for independent investors and operators of commercial solar installations. www.milkthesun.com

About Capcora:

Capcora is an independent financial advisory boutique specializing in M&A and project finance services to accelerate the energy transition in Europe. Founded in 2015, the Frankfurt-based company helps its clients succeed in the renewable energy and infrastructure sectors by advising them on sell-side and buy-side transactions, and by raising mezzanine, unitranche or senior debt.