Clever Acquires Tecnoenergy to Bolster Energy Services
Deal News | Apr 07, 2025 | Finance Community IT - 1 Corporate M&A
Clever Servizi Energetici, specializing in residential energy efficiency and supported by infrastructure funds such as FIEE SGR, Marguerite, and Pioneer Point Partners, acquired 100% of Tecnoenergy Service. This acquisition strengthens Clever's position within the residential energy efficiency management sector, now overseeing over 4,200 condominiums nationally. The acquisition aligns with Clever's broader strategy to enhance its leadership in the Italian market. Acquisition guidance was provided by SURE - Sustainable Revolution for buy-side advising, while Chiomenti offered legal support, KPMG conducted financial due diligence, and Fantozzi & Associati managed fiscal due diligence. Lyra Partners and Simmons & Simmons supported the Di Rizzo family, the sellers, in M&A and legal advisories respectively. Tecnoenergy, founded in 2003 and managed by the Di Rizzo family, will continue under their leadership but within Clever's strategic framework.
Sectors
- Energy Efficiency
- Infrastructure Investment
- Mergers and Acquisitions
Geography
- Italy – The acquisition takes place in Italy, where the target company, Tecnoenergy, and the acquiring company, Clever SE, primarily operate.
- Milan Metropolitan Area – Tecnoenergy Service operates in the Milan metropolitan area offering thermal plant engineering, energy, and maintenance services.
Industry
- Energy Efficiency – Clever SE operates within the residential energy efficiency sector, focusing on managing energy services and enhancing efficiency for buildings.
- Infrastructure Investment – The acquisition is backed by infrastructure funds, highlighting investment in essential energy service technologies and expansions.
- Mergers and Acquisitions – The article describes an acquisition transaction, providing insights into the M&A processes involved in the energy sector.
Financials
- 100% equity – Clever Servizi Energetici acquired 100% of Tecnoenergy Service.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Clever Servizi Energetici | Acquiring Company | Company | A company focused on residential energy efficiency, supported by infrastructure funds like FIEE SGR, Marguerite, and Pioneer Point Partners. |
| Tecnoenergy Service | Target Company | Company | Founded in 2003, the company specializes in thermal plant engineering and energy services in Milan, originally established by the Di Rizzo family. |
| FIEE SGR, Marguerite, Pioneer Point Partners | Investors | Company | Infrastructure funds providing investment and support to Clever Servizi Energetici. |
| SURE - Sustainable Revolution | Buy-side M&A Advisor | Company | Advised Clever SE on the acquisition, led by partners Alberto Cei and Ivan Aloi. |
| Chiomenti | Legal Advisor | Company | Provided legal advice to Clever SE for the transaction. |
| KPMG | Financial Due Diligence | Company | Conducted financial due diligence for the acquisition. |
| Fantozzi & Associati | Fiscal Due Diligence | Company | Managed the fiscal due diligence for the acquisition. |
| Lyra Partners | Sell-side M&A Advisor | Company | Assisted the Di Rizzo family in the sale of Tecnoenergy. |
| Simmons & Simmons | Legal Advisor | Company | Provided legal support to the Di Rizzo family in the transaction. |
| Di Rizzo Family | Selling Family | People | Founders and sellers of Tecnoenergy, planned to continue in strategic roles post-acquisition. |