Whysol Sells Minority Stake to Crédit Agricole
Deal News | Mar 24, 2025 | Finance Community IT - 1 Corporate M&A
Crédit Agricole Assurances has acquired a minority stake in Whysol Renewables, an Italian independent renewable energy producer and subsidiary of Whysol Investments, which specializes in energy transition and digital transformation sectors. The acquisition supports Whysol Renewables' growth in battery storage systems and renewable energy production, with target capacity set to 1.2 GW in the near term. Whysol has a pipeline of approximately 1 GW, including 864 MW of battery energy storage systems and 173 MW of solar plants set for operation in upcoming years. Rothschild & Co acted as the financial advisor, while EY provided financial and tax due diligence services. The deal represents Crédit Agricole's long-term commitment to renewable energies in Europe, exemplified by their investment in projects promoting low-carbon economy development. The partnership aligns with Crédit Agricole's diversification strategy and shows their dedication to the renewable energy transition in Italy, a key geography for the group.
Sectors
- Renewable Energy
- Financial Services
Geography
- Italy – The primary geographic focus of the article is Italy, where Whysol Renewables operates its renewable energy projects and where the impact of the transaction will be most felt.
- Europe – Crédit Agricole Assurances has been investing in European renewable energy projects since 2014, and this acquisition further highlights a Europe-wide strategy.
Industry
- Renewable Energy – The article discusses investments in renewable energy projects, particularly focused on battery storage systems and solar energy.
- Financial Services – Crédit Agricole Assurances, a financial services entity, is a key participant in the acquisition, highlighting the industry's role in financing renewable energy ventures.
Financials
- Not specified – The financial specifics of Crédit Agricole Assurances' investment in Whysol Renewables are not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Crédit Agricole Assurances | Acquiring Party | Company | A long-term investor in the renewable energy sector in Europe, acquiring a minority stake in Whysol Renewables. |
| Whysol Renewables | Target Company | Company | An Italian independent renewable energy producer, a subsidiary of Whysol Investments. |
| Whysol Investments | Parent Company of Target | Company | An Italian investment holding specializing in energy transition and digital transformation sectors, parent company to Whysol Renewables. |
| Rothschild & Co | Financial Advisor | Company | Provided advisory services to Whysol Investments and Whysol Renewables for the transaction. |
| EY | Financial and Tax Advisor | Company | Conducted financial and tax due diligence for Whysol Investments in association with the transaction. |