Alerion Seals Joint Venture with Alperia for Wind Projects Backed by Rothschild

Deal News | Nov 12, 2024 | Finance Community IT - 1 Corporate M&A

Alerion Seals Joint Venture with Alperia for Wind Projects Backed by Rothschild

Alerion Clean Power, assisted by Rothschild & Co, has signed a sales and joint venture agreement with Alperia Greenpower, a wholly-owned subsidiary of Alperia, advised by BDO, for the development and management of a wind power plant portfolio in Puglia. This portfolio has a total capacity of approximately 120 MW, with 62 MW already operational and 58 MW under construction. Rothschild & Co acted as a financial advisor with a team led by Alessandro Bertolini Clerici, while BDO supported Alperia for financial due diligence and negotiation. The initiative marks Alerion's first equity recycling operation, allowing the company to expand its business in Italy and abroad. As part of the deal, Alerion has sold a 50% stake in Naonis Wind to Alperia for 49.7 million euros and transferred 50% of shareholder loans for 13.4 million euros. This partnership also grants Alperia the right to acquire stakes in additional wind projects in the future.

Sectors

  • Renewable Energy
  • Investment Banking

Geography

  • Italy – The joint venture and the wind power projects are located in Puglia, Italy.

Industry

  • Renewable Energy – The article involves a joint venture focused on wind power, which falls under the Renewable Energy sector.
  • Investment Banking – Rothschild & Co's involvement as a financial advisor categorizes the article within Investment Banking.

Financials

  • 49.7 million euros – The price for the 50% stake in Naonis Wind sold to Alperia.
  • 13.4 million euros – The amount for the acquisition of 50% of existing shareholder loans by Alperia.

Participants

NameRoleTypeDescription
Alerion Clean PowerTarget CompanyCompanyAlerion is the company entering the joint venture with Alperia for wind power projects.
Rothschild & CoFinancial AdvisorCompanyRothschild & Co provided financial advisory services to Alerion for this transaction.
Alperia GreenpowerBidding CompanyCompanyAlperia is acquiring a 50% stake in Naonis Wind as part of the joint venture.
BDOFinancial AdvisorCompanyBDO supported Alperia in financial advisory and due diligence for the transaction.
Naonis WindAssetCompanyNaonis Wind is the wind power company of which Alerion sold a 50% stake to Alperia.