Press Releases

IRIDEOS, the new Italian ICT provider for Businesses and Public Administration, has acquired Enter srl, an Italian provider operating since 1996 in the telecommunication and datacenter market. Enter brings two additional datacenters located in the technological hub of via Caldera, in Milan, further strengthening the position of IRIDEOS at the heart of the Italian Internet; an innovative cloud platform based on Openstack, an open source protocol; an international network with presence in the main PoPs in Madrid, Paris, Frankfurt, Amsterdam, Brussels, London, Stockholm, New York and Hong Kong.

Enel Green Power and the F2i infrastructure fund, partners in the Gruppo EF Solare Italia ("EF") equal joint venture, the leading photovoltaic operator in Italy, today announced the signing of an agreement to refinance EF’s debt with a pool of credit institutions. The transaction, the most important ever carried out in the photovoltaics sector in Italy, involves five leading financial institutions: Banca IMI (Intesa San Paolo Group), BNP Paribas Italian Branch, Credit Agricole Corporate & Investment Bank – Milan Branch, ING Bank NV – Milan Branch, Unicredit which, together with the participation of Cassa Depositi e Prestiti, will provide a total of 1.02 billion euros of new debt in the form of a non-recourse project financing arrangement. The refinancing, which consolidates EF’s growth over the past few years, enables EF Solare Italia, acting through EF Kosmos a wholly owned subsidiary that controls all the companies owning the plants involved in the transaction to optimise the terms and conditions of the credit lines, to rationalise its corporate structure and to support the future growth of the Group.

F2i SGR, operating through the company F2i Energie Rinnovabili Srl, has purchased from 3 New Srl, 100% controlled by an infrastructure fund owned by Ardian, a world-leading private investment house, five enterprises active in the sector of renewable energies and owners of six different photovoltaic plants located in the Italian regions of Emilia Romagna, Apulia and Sicily, for an overall installed power of 51.5MW. These plants may subsequently be conferred to EF Solare Italia SpA, a joint venture undertaken in partnership with the Enel Group and Italy’s leading operator in the photovoltaic sector in terms of installed power (at 400 MW). F2i was assisted by Lazard (financial adviser), Orrick (legal affairs), EFSI/Moroni (technical expertise), PWC (accounting), Studio Torresi (taxes), Willis Tower Watson (insurance) and AON (W&I insurance). The operation was financed by the Banca Imi bank.

The first closing of F2i’s Third Fund concluded with roughly €3.14 billion raised. This figure is expected to increase to €3.3 billion by early 2018, the maximum amount allowed under the rules of the Fund itself. The Third Fund, with a 12-year duration, inherited the assets of F2i’s First Fund through a merger. The merger allowed the Third Fund to begin its activities with a truly impressive infrastructure portfolio in the sectors of airports, natural gas networks, renewable energy and integrated water operators.

F2i SGR, on behalf of its Second Fund, has acquired from Bioenergie (60% controlled by the Faranda Group and 40% by the Equinox Fund) 100% of the capital of San Marco Bioenergie SpA. San Marco Bioenergie is active in the recovery of energy from the wood biomass generated by operations of forestry maintenance, the cleaning of riverbeds and the use of farming waste and urban greenery. The company owns a thermal power plant fuelled with solid biomass in the town of Bando d’Argenta (Province of Ferrara, Italy), a facility whose installed power capacity of 21 MW makes it one of the largest plants in operation in northern and central Italy. In 2016 the company’s revenue and gross operating margin were, respectively, about 30 million and 6 million euro.