Espe Acquires Permatech to Strengthen Renewable Energy Focus
Deal News | Dec 05, 2024 | Legal Community Italy
Espe, a company listed on Euronext Growth Milan and active in the renewable energy sector, has completed the acquisition of the entire share capital of Permatech. Permatech is specialized in the development of photovoltaic, agrivoltaic, and battery energy storage systems (BESS) projects. The acquisition aims to bolster Espe's expertise, especially in the authorization process for large-scale photovoltaic plants. Osborne Clarke, with a team led by partner Riccardo Roversi and assisted by associate Myriam Ambrosio, advised Espe on all contractual and corporate aspects of the transaction, including the capital increase subscription.
Sectors
- Renewable Energy
- Legal Services
Geography
- Italy – Espe is listed on Euronext Growth Milan, indicating its primary location and the acquisition took place with the involvement of Italian corporate advisors.
Industry
- Renewable Energy – Espe and Permatech are involved in renewable energy projects such as photovoltaic, agrivoltaic and energy storage systems.
- Legal Services – Osborne Clarke provided legal advisory services for the acquisition.
Financials
- – The financial details of the acquisition such as the deal price are not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Espe | Acquiring Company | Company | A company listed on Euronext Growth Milan, focusing on renewable energy projects. |
| Permatech | Target Company | Company | Specializes in the development of photovoltaic, agrivoltaic, and battery energy storage systems projects. |
| Osborne Clarke | Legal Advisor | Company | Provided legal services and advice regarding the acquisition transaction. |
| Riccardo Roversi | Partner at Osborne Clarke | People | Led the legal team advising Espe. |
| Myriam Ambrosio | Associate at Osborne Clarke | People | Assisted in advising Espe on the acquisition. |