Energie Valsabbia Divests US Subsidiaries for $53 Million
Deal News | Feb 04, 2025 | Legal Community Italy
Energie Valsabbia, an Italian energy group, has divested its American subsidiaries for $53 million to an investor specializing in clean energy solutions for businesses, governments, and enterprises. The sold companies are involved in photovoltaic plant development and management, as well as energy consultancy for key Californian utilities. Initially acquired by Energie Valsabbia in 2017 for $3.5 million, with financial backing from Simest and Intesa Sanpaolo, the subsidiaries have seen significant revenue growth from $6.5 million in 2016 to $45 million by 2024. Legal advisory for the transaction was provided by Bertacco Recla & Partners, led by Carlo Periti.
Sectors
- Renewable Energy
- Mergers and Acquisitions
- Legal Advisory
Geography
- Italy – Energie Valsabbia is an Italian group, and the legal advisory firm Bertacco Recla & Partners is based in Italy.
- United States – The subsidiaries sold by Energie Valsabbia are American, servicing Californian utilities.
Industry
- Renewable Energy – The article focuses on the sale of companies involved in photovoltaic energy solutions, situating it solidly within the renewable energy sector.
- Mergers and Acquisitions – Involves the transfer of ownership of Energie Valsabbia's subsidiaries in a transaction valued at $53 million.
- Legal Advisory – Highlights the legal advisory role played by Bertacco Recla & Partners in facilitating the deal.
Financials
- 53,000,000 – Sale value of Energie Valsabbia's American subsidiaries.
- 3,500,000 – Initial acquisition cost of the American subsidiaries by Energie Valsabbia in 2017.
- 6,500,000 – Revenue of the American subsidiaries in 2016.
- 45,000,000 – Revenue of the American subsidiaries by 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Energie Valsabbia | Target Company | Company | An Italian energy group involved in renewable energy solutions. |
| Bertacco Recla & Partners | Legal Advisor | Company | Legal advisors who assisted Energie Valsabbia in the transaction, led by partner Carlo Periti. |
| Carlo Periti | Partner, M&A Department | Person | Partner at Bertacco Recla & Partners, responsible for the legal aspects of the transaction. |
| Simest | Lender | Company | Provided part of the financing for Energie Valsabbia's acquisition of the subsidiaries in 2017. |
| Intesa Sanpaolo | Lender | Company | A major Italian bank that provided financing for Energie Valsabbia in 2017. |