Tages Capital Acquires Two Greenfield Biomethane Plants from Finpower Project
Deal News | May 13, 2025 | Finance Community IT - 1 Corporate M&A
Tages Capital SGR, a specialist asset manager in alternative private market funds and the second-largest photovoltaic operator in Italy, has expanded its green energy investment portfolio with the acquisition of two greenfield biomethane production plants located in Puglia and Basilicata. The plants, formerly owned by Finpower Project alongside co-sellers Abacus and Argot, represent the second investment by Tages Helios Net Zero Infrastructure Fund. The transaction was facilitated by Banca Akros as the exclusive financial advisor to Tages, alongside legal and technical due diligence advisors PedersoliGattai and Rina Consulting respectively. PwC managed financial and tax due diligence. L&B Partners provided financial advisory to the sellers and handled all transaction phases to closing. The biomethane plants, set to become operational in the first half of 2026, will process agricultural by-products into biomethane, connected to the SNAM gas network. This strategic move follows a previous acquisition of four biogas plants aimed for biometano conversion, reinforcing Tages Capital's commitment to renewable energy transition.
Sectors
- Renewable Energy
- Private Equity
- Infrastructure Investment
Geography
- Italy – The biomethane plants are located in Puglia and Basilicata, regions within Italy, highlighting the geographical relevance of the article.
Industry
- Renewable Energy – The article discusses the acquisition of biomethane plants, which are part of the renewable energy sector focused on sustainable energy sources.
- Private Equity – Tages Capital, a private equity firm, is expanding its investment portfolio in the renewable energy sector through this acquisition.
- Infrastructure Investment – The acquisition of greenfield biomethane plants represents infrastructure investment in sustainable energy production facilities.
Financials
- 500 Smc/h – The production capacity of each biometano plant acquired by Tages Capital.
- 140,000 tonnes – Annual amount of raw materials processed by the biomethane plants.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tages Capital SGR | Bidding Company | Company | Tages Capital is an asset manager specializing in alternative private market funds and renewable energy investments. |
| Finpower Project | Selling Company | Company | Finpower Project was the previous owner of the biomethane plants sold to Tages Capital. |
| Banca Akros | Financial Advisor to Tages | Company | Banca Akros served as the exclusive financial advisor for Tages on this transaction. |
| PedersoliGattai | Legal Advisor to Tages | Company | Provided legal advice to Tages Capital for the acquisition. |
| Rina Consulting | Technical and ESG Due Diligence Advisor | Company | Conducted technical and ESG due diligence for the acquisition. |
| PwC | Financial and Tax Due Diligence Advisor | Company | Handled financial and tax due diligence for Tages during the acquisition. |
| L&B Partners | Financial Advisor to Sellers | Company | Assisted the sellers Finpower Project, Abacus, and Argot with financial advisory throughout the transaction process. |
| Metania | Manager of Biomethane Plants | Company | A Tages Capital entity established for managing biomethane initiatives. |