Eidos Partners financial advisor of KRENERGY in the sale of three solar plants

 

August 2013

 

The three solar plants are located in Puglia, for a total power equal to 2.98 MW. The facilities, owned by the subsidiary Co.s.e.r. S.r.l., have been sold to the fund Perseide Energie, managed by Finanziaria Internazionale Investments SGR S.p.A. and fully underwritten by the group Cattolica Assicurazioni and Sviluppo 81 S.r.l.
The completion of the transaction will allow KRENERGY to further invest in new R&D activities, hydropower plants and a geothermal license acquisition.
Thanks to this transaction, Finanziaria Internazionale reached the goal of the 100 MW realized or acquired, especially through the acquisition of solar plants already connected to the electric power and with historical data of at least one year.

 

 

Krenergy S.p.a. (www.krenergy.it) is an industrial holding listed at the Borsa di Milano. Its business activities are mainly focused on the production and sale of renewables, mainly through the development and realization of projects based on solar and hydropower technology and the development of innovative projects. The growth of the Group is also achieved through M&As transactions. The Group is fully integrated in the value chain of the renewable industry; its other activities include the development and implementation of innovative solutions devoted to the renewable energy production. As of today, the Group owns plants in Puglia, Lazio and Sicilia.

Eidos Partners (www.eidospartners.com) Eidos Partners is an independent advisory firm specialised in mergers and acquisitions, initial public offerings, debt raising, financial restructuring, financial advisory services and execution of structured finance transactions, including bond issues and derivatives. Eidos Partners Holdings, holding of the Group, is an advisory firm based in UK regulated by the FSA

For further information www.eidospartners.com

 

 

Transaction Type
Transfer of business

Transaction Size
Enterprise Value € 9,1mln

Sector
Renewables

Michele Rolleri
Managing Director
Tel: +39 02 87238.811
michele.rolleri@eidospartners.com

 

Cèline Cavallo de'Paoli
Senior Executive Consultant
Tel: +39 02 87238.807
celine.cavallodepaoli@eidospartners.com

Giacomo Dall'Aglio
Senior Counsultant
Tel: +39 02 87238.8808
giacomo.dallaglio@eidospartners.com