Green Horse Advises Innovo Renewables in Solar Acquisition
Funding | Jan 23, 2025 | Legal Community Italy
Green Horse Legal Advisory played a crucial role in advising Innovo Renewables, an Italian company focused on renewable energy projects, on the acquisition of two photovoltaic plants, one of which is an agrivoltaic plant, and on signing agreements for a third photovoltaic facility. The combined capacity of these acquisitions amounts to 22MW. Green Horse's comprehensive support spanned all stages of the transaction, including due diligence, land contract management requiring special attention for the agrivoltaic plant, and negotiations and signings for the acquisition. The legal team was led by Deputy Managing Partner Andrea Gentili, with key contributions from partners and associates specializing in regulatory and M&A. Innovo's in-house legal team involved Group General Counsel Stefania Serena Monghini and Legal Manager Rebecca Perugini. For the selling companies, Greenfield Renewables and Sagitta, Eptalex Garzia Gasperi & Partners, including partners Jacopo Gasperi and Cristina Knupfer, along with financial advisor Prothea led by Managing Director David Armanini, provided legal and financial guidance.
Sectors
- Renewable Energy
- Legal Services
- Financial Advisory
Geography
- Italy – Italy is the geographical focus of the article as all participants, including Innovo Renewables and the photovoltaic plants, are based in Italy.
Industry
- Renewable Energy – The primary industry involved is Renewable Energy, as the transaction revolves around the acquisition of photovoltaic plants which are sources of sustainable energy.
- Legal Services – Legal Services are crucial here owing to the legal advisory roles played by Green Horse and Eptalex Garzia Gasperi & Partners in ensuring the smooth transaction completion.
- Financial Advisory – Financial Advisory is pertinent due to Prothea's role in guiding the financial aspects of the transaction for the sellers.
Financials
- 22MW – The aggregate capacity of the photovoltaic plants acquired by Innovo Renewables.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Innovo Renewables | Acquiring Company | Company | An Italian company that develops and manages renewable energy projects. |
| Greenfield Renewables | Selling Company | Company | One of the companies selling the photovoltaic plants. |
| Sagitta | Selling Company | Company | A company involved in selling one or more of the photovoltaic plants. |
| Green Horse Legal Advisory | Legal Advisor | Company | Advised Innovo Renewables on the legal aspects of the acquisition. |
| Eptalex Garzia Gasperi & Partners | Legal Advisor | Company | Provided legal support to the selling companies, Greenfield Renewables and Sagitta. |
| Prothea | Financial Advisor | Company | Financial advisor for the sellers, involved in guiding the transaction's financial aspects. |
| Andrea Gentili | Deputy Managing Partner | Person | Led the Green Horse Legal Advisory team. |
| Jacopo Gasperi | Partner | Person | Partner at Eptalex Garzia Gasperi & Partners, involved in legal advisory. |
| Cristina Knupfer | Partner | Person | Partner at Eptalex Garzia Gasperi & Partners, involved in legal advisory. |
| David Armanini | Managing Director | Person | Managing Director at Prothea, guiding financial aspects of the transaction. |