PATRIZIA to invest up to EUR140 million in Selettra
PATRIZIA Infrastructure has announced its EUR140 million (US$139 million) investment in Italy’s smart streetlighting company Selettra Illuminazione Pubblica from Fondo Italiano per l’Efficienza Energetica (FIEE) and its founders through its flagship smart cities strategy the single LP fund with Dutch pension giant APG the Smart City Infrastructure Fund (SCIF).
The transaction entered into on behalf of its institutional investor involves accelerating PATRIZIA’s growth ambition and strategy to enable smarter, better-connected cities in key markets around the world and building a EUR180 million (US$179 million) portfolio of smart streetlighting companies, which grow SCIF’s footprint and build an experienced technical and business development team with strong municipality connections in a new region.
ValeCap acted as a financial advisor (M&A) to PATRIZIA, Andersen as legal, Fichtner as technical and Ernst & Young provided financial, tax and commercial services.
Country updates
-
-
October 27, 2022
Webuild consortium selected for US$617 million railway in Sicily
Webuild has announced that Webuild and its consortium partner have been awarded a EUR616million (US$617) contract to design and build a section of the Palermo-Catania rail line in Italy...
Read more -
September 05, 2022
Catania Airport seeks contractor for runway pavement maintenance service
Società Aeroporto Catania s.p.a. (SAC) has issued an expression of interest (EOI) for the identification and selection of operators to be invited to the negotiated procedure for the award of th...
Read more -
August 03, 2022
First close achieved for F2i Infrastructure Debt Fund
F2i SGR has achieved first close for its F2i Infrastructure Debt Fund 1 (IDF1) by raising EUR310 million (US$318.09 Million). The fund targets to raise EUR500 million (US$508.62 million) in capital co...
Read more -
July 18, 2022
Refinancing completed for multimillion district heating PPP project in Italy
Aton per il Progetto (Aton), has refinanced a EUR70 million (US$70.61 million) debt by signing a financing agreement with Natixis CIB and AG Insurance.
Read more -
July 08, 2022
PATRIZIA completes acquistion of Biomet from Ankorgaz
PATRIZIA has acquired an 80% majority stake in Italian bio-Liquified Natural Gas (LNG) producer Biomet through its European Infrastructure Fund II from Walter Lagorio and Ankorgaz. The transaction is...
Read more
