EQUITA assisted Veronagest

K Finance - Mid-market M&A advisory
Veronagest 1920x1080
Veronagest 1920x1080

Assisted by K Finance, Veronagest, has sold to F2i, assisted by Lazard, one of Italy's leading wind power portfolios, consisting of 7 productive farms operating in Sicily and Calabria with a total installed capacity of 282 MW. 

Through this acquisition, F2i aims to continue its growth strategy in the renewable energy sector with the goal of fostering the formation of specialized operators of significant size and capable of expressing significant management and financial efficiencies. Veronagest's assets are in fact added to those already held by the Second F2i Fund in the wind power sector, which include 70 percent of the company E2i (about 600 MW installed and 165 MW under construction) and a 16 percent stake in Alerion. In total, the plant endowment in the hands of the fund is more than about 1,000 MW, making the group led by Renato Ravanelli one of the leading players in the sector in Italy.
Veronagest's plants are financed in project financing by Unicredit, BNP Paribas, Natixis, BBVA and CDP.

The transaction in a nutshell

2017 06 Tombstone Veronagest F2i

F2i aims to continue growth strategy in renewables sector

July 2017
Veronagest sold one of Italy's leading wind power portfolios to F2i
Financial advisor
M&A advisory
EQUITA Mid Cap Advisory

The company

Veronagest is an independent Italian player among the market leaders in the wind and photovoltaic sector with a portfolio of primary standing. The value chain in the renewable energy sector extends from development to finance, from engineering to construction, from maintenance to power sales. The company has a network of employees to develop new ventures throughout the country with the presence of employees throughout southern Italy who maintain stable relationships with local developers.

F2i SGR is Italy's largest independent manager of infrastructure funds, with assets under management of approximately 8.2 billion euros between equity and debt. The companies that are part of F2i's network constitute the country's main infrastructure platform, diversified into six strategic sectors for the economic system: transportation and logistics, transition energy, distribution networks, telecommunications networks, social-health infrastructure and circular economy.