1 week ago
Under a StreetLight in Piazza LaScala,
to celebrate the dealclosing between a street light operator with focus on energy saving and two financial investor
I had the pleasure to be one of the CorporateFinance Advisor of the deal
Press Release below:
Rome/Arcugnano (Vicenza), Luxembourg – 28 May 2018
Marguerite II and FIEE complete investment in City Green Light
Major energy efficiency investment of approximately €100 million in support of the development of City Green Light:
-Marguerite II invested circa €40 million
-Fondo Italiano per l’Efficienza Energetica (FIEE) increased its investment in the company to over €58 million
-The deal is one of the largest in public lighting energy efficiency in Europe .
City Green Light is the leading Italian private operator in the public lighting sector to which Gemmo S.p.A. contributed its public lighting business unit last December.
The company currently manages circa 400,000 light points in various Italian municipalities in northern, central and southern Italy (including Parma, Lecce, Venice, Pisa, Ravenna, Varese, Viterbo, Olbia and Avellino).
The additional capital raised will be used to sustain the further development of energy-efficient public lighting by City Green Light, with the goal of more than doubling the number of light points managed to over 900,000.
The LED technologies used by the company allow energy savings of more than 50%
FIEE and Marguerite were assisted by the Studio Lombardi Segni e Associati and the Milan based team of Ashurst (legal advisors), Pricewaterhousecoopers (accounting and tax advisor), Sinloc and Alberto Soresini (technical advisors)
Gemmo was assisted by Long Term Partners (financial advisor) and by Withers (legal advisor)
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