E-Shore secures capital boost for GasGas acquisition
Deal News | Nov 25, 2024 | Legal Community Italy
E-Shore, with the legal assistance of L&B Partners Avvocati Associati STA a r.l., has subscribed to a capital increase to facilitate the acquisition of GasGas, aiming to build one of the largest private networks of public-access electric charging stations powered entirely by renewable energy. Soprarno SGR's Italian Renewable Resources (IRR) fund, focusing on energy transition, provides capital to E-Shore for this initiative. IRR's strategic support underscores E-Shore's plan to significantly expand its renewable energy infrastructure. Colla Di Piazza Studio Legale served as legal advisor for the majority shareholders of GasGas, assisting in the negotiation related to the sale and reinvestment agreements.
Sectors
- Renewable Energy
- Legal Services
- Private Equity
Geography
- Italy – All participants in the article, including E-Shore, Soprarno SGR, and the involved legal firms, are based in Italy, making this a domestic transaction.
Industry
- Renewable Energy – The article discusses the acquisition of GasGas by E-Shore to expand a network of electric charging stations powered by renewable energy.
- Legal Services – Legal advisory services were a significant aspect of this transaction, with multiple law firms assisting in different capacities.
- Private Equity – The Italian Renewable Resources, a private equity fund managed by Soprarno SGR, is central to this transaction, providing capital for the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| E-Shore | Target Company | Company | E-Shore is executing a capital increase to acquire GasGas, with plans to expand its electric charging network. |
| Italian Renewable Resources (IRR) fund | Investor | Company | Managed by Soprarno SGR, this private equity fund is investing in E-Shore's capital increase for the acquisition. |
| Soprarno SGR SpA | Fund Manager | Company | Asset management firm managing the IRR fund involved in the capital increase. |
| L&B Partners Avvocati Associati STA a r.l. | Legal Advisor | Company | Provided legal advisory services to E-Shore and the IRR fund throughout the transaction. |
| GasGas | Target of Acquisition | Company | GasGas is being acquired by E-Shore to create a major electric charging network. |
| Colla Di Piazza Studio Legale | Legal Advisor to Selling Shareholders | Company | Assisted the majority shareholders of GasGas in legal negotiations related to the acquisition. |