Espe Acquires 30% Stake in Soland
Funding | Jan 22, 2025 | Legal Community Italy
Espe, a company listed on the Euronext Growth Milan and based in Borgo d’Ale, has acquired a 30% stake in Soland, a Piedmont-based firm specializing in photovoltaic systems and energy efficiency technologies. The acquisition involved advisors from Dwf for Espe and Osborne Clarke and Ls Lexjus Sinacta for Soland. Furthermore, Espe holds an option to acquire an additional 40% of Soland from Enermill Energie Rinnovabili for a total price of 1.41 million euros. Dwf served as the legal advisor for Espe, while Rsm provided financial and tax due diligence. Soland was supported by Ls Lexjus Sinacta and Osborne Clarke, with Stefano Scagnelli taking a key advisory role.
Sectors
- Renewable Energy
- Legal Advisory
- Financial Advisory
Geography
- Italy – The transaction involves Italian companies and advisory firms. Espe is based in Borgo d’Ale and Soland is located in Piedmont.
Industry
- Renewable Energy – Espe and Soland are both involved in the renewable energy sector, particularly in photovoltaic systems and energy efficiency.
- Legal Advisory – Multiple legal advisory firms were involved in the acquisition process, such as Dwf, Osborne Clarke, and Ls Lexjus Sinacta.
- Financial Advisory – Financial advisory played a crucial role with companies like Rsm and Ls Lexjus Sinacta providing due diligence and other financial services.
Financials
- 1.41 million euros – Total consideration for the potential purchase of an additional 40% stake in Soland by Espe.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Espe | Buyer | Company | A renewable energy company active in photovoltaic systems, based in Borgo d’Ale and listed on Euronext Growth Milan. |
| Soland | Target Company | Company | Piedmont-based firm specializing in photovoltaic systems and energy efficiency technologies. |
| Enermill Energie Rinnovabili | Selling Company | Company | The current shareholder of Soland from whom Espe acquired its stake. |
| Dwf | Legal Advisor | Company | Legal advisor assisting Espe in the acquisition process. |
| Rsm | Financial and Tax Due Diligence Advisor | Company | Conducted financial and tax due diligence for Espe. |
| Osborne Clarke | Legal Advisor | Company | Provided legal advisory services to Soland. |
| Ls Lexjus Sinacta | Financial Advisor | Company | Provided financial advisory services to Soland, led by Stefano Scagnelli. |
| Stefano Scagnelli | Financial Advisor | Person | Partner at Ls Lexjus Sinacta and financial advisor for Soland. |