Arcus Infrastructure Partners Acquires 51% Stake in Powering
Deal News | Feb 06, 2025 | Legal Community Italy
Arcus Infrastructure Partners has acquired a 51% stake in Powering from Appia Holding, a firm active in the electric generator rental sector in Italy. This partnership also includes Bottega dell’Innovazione, a minority stakeholder. The acquisition was backed financially by a consortium of banks including Monte dei Paschi di Siena, Bper Banca Cib, and others, with Banco BPM also acting as the agent bank. Legal counsel for Arcus was provided by Gianni & Origoni, covering due diligence, M&A, financing, and tax aspects. Pwc Tls assisted Arcus with tax and financial due diligence. Appia Holding’s legal and financial matters were handled by Legance and De Falco Notarnicola. Ashurst represented the financing banks. The structure of this acquisition supports a long-term strategic partnership with considerations for corporate governance and financial oversight.
Sectors
- Infrastructure Investment
- Electric Power Rental
- Legal Services
Geography
- Italy – The acquisition involves Powering, a company based in Italy, and involves legal and financial activities primarily in the Italian market.
- Europe – Arcus Infrastructure Partners operates and invests within the European market, with this acquisition further expanding their presence in the continent's infrastructure sector.
Industry
- Infrastructure Investment – Arcus Infrastructure Partners is involved in infrastructure investments, focusing on acquiring and managing assets in this sector.
- Electric Power Rental – Powering operates in the electric generator rental industry, providing significant strategic value to energy infrastructure developments.
- Legal Services – Numerous law firms were engaged in this transaction, providing necessary legal and advisory services across various aspects such as M&A, taxation, and financial management.
Financials
- 51% – The percentage stake acquired by Arcus Infrastructure Partners in Powering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Arcus Infrastructure Partners | Bidding Company | Company | A private equity firm specializing in investments in infrastructure businesses in Europe. |
| Powering | Target Company | Company | An Italian company specializing in the rental of electric generators. |
| Appia Holding | Selling Company | Company | The previous majority stakeholder in Powering. |
| Bottega dell’Innovazione | Minority Stakeholder | Company | |
| Gianni & Origoni | Legal Advisor | Company | Provided legal services to Arcus in the acquisition process. |
| Pwc Tls | Tax and Financial Advisor | Company | Assisted Arcus with tax and financial due diligence. |
| Legance | Legal Advisor | Company | Advised Appia Holding and Bottega dell’Innovazione on legal aspects. |
| De Falco Notarnicola | Tax Advisor | Company | Assisted Appia Holding and Powering on tax matters. |
| Ashurst | Legal Advisor | Company | Represented the consortium of banks providing financing for the deal. |
| Monte dei Paschi di Siena | Financing Bank | Company | |
| Bper Banca Cib | Financing Bank | Company | |
| Banco BPM | Agent Bank | Company | |
| Credit Agricole Italia | Financing Bank | Company | |
| Deutsche Bank | Financing Bank | Company | |
| Intesa Sanpaolo | Financing Bank | Company |