EOS, as Technical Partner, assisted its client ForVei, the ninth photovoltaic operator in Italy active since 2011, in its 100% acquisition by ERG, which is making its entry into photovoltaics in Italy.
November 20, 2017
The ERG Group, through its subsidiary ERG Power Generation S.p.A., has signed an agreement with the joint venture between Vei Green and Foresight for the acquisition of 30 photovoltaic plants located throughout Italy with an installed capacity of 89 MW and an annual production of about 136 GWh.
As Technical Partner, EOS assisted its client ForVei, the ninth photovoltaic operator in Italy active since 2011, in the 100% acquisition transaction by ERG, which is making its entry into photovoltaics in Italy.
EOS CEO Emanuele Riccobene, comments on the acquisition, “Working alongside a major operator like ForVei in this important acquisition transaction is a great opportunity for growth and development. Our operating model of target-oriented approach to work allows us to be a technical partner alongside our Customers.”
In this transaction, Vei Green and Foresight used the services of Palladio Corporate Finance and Lazard (financial and M&A advisors), EOS Consulting (technical advisor) and Orrick (legal), while ERG was assisted by Rothschild (financial and M&A advisor), BNPP (financial advisor), Fichtner (technical), KPMG (accounting&tax) and Paul Hastings (legal).