M&A Deal Summary

CDP Equity and Eni Acquire GreenIT

On March 11, 2021, private equity firm CDP Equity and Eni acquired renewable energy company GreenIT

Acquisition Highlights
  • This is CDP Equity’s 1st and Eni’s 2nd transaction in the Renewable Energy sector.
  • This is CDP Equity’s 11th and Eni’s 2nd transaction in Italy.

M&A Deal Summary

Date 2021-03-11
Target GreenIT
Sector Renewable Energy
Buyer(s) CDP Equity
Eni
Deal Type Joint Venture

Target

GreenIT

San Donato Milanese, Italy
GreenIT aims to produce energy mainly from photovoltaic and wind power plants and development and construction of greenfield plants. GreenIT was founded in 2021 and is based in San Donato Milanese, Italy.

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Buyer(S) 2

Buyer

CDP Equity

Milan, Italy

Category Private Equity Firm
Founded 2011
PE ASSETS 3.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

CDP Equity is an Italian holding company and investment firm focused on acquiring stakes in large Italian companies. Sectors of interest include defense, food, insurance, communications, energy, infrastructure, public services, security, transportation, and leisure. CDP Equity is based in Milan.


DEAL STATS #
Overall 12 of 18
Sector: Renewable Energy M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Italy M&A 11 of 16
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-12 Webuild

Lombardia, Italy

Webuild is an industrial group specialising in the construction of major, complex projects, a dynamic Italian company able to compete with global players. Webuild is based in Lombardia, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 Euronext

Amsterdam, Netherlands

Euronext is a provider of a broad portfolio of products, services, and platforms that cover the full range of financial market services. Euronext provides listing, trading, market data, indices, clearing, settlement, and custody as well as the development and operation of high-end trading systems. Euronext is based in Amsterdam. Euronext was founded in 2000 and is based in Amsterdam, Netherlands.

Buy -
Buyer

Eni

Rome, Italy

Category Company
Founded 1953
Sector Oil/Gas Exploration
Employees32,356
Revenue 89.0B EUR (2024)
DESCRIPTION

Eni operates in oil and gas, electricity generation and sale, petrochemicals, oilfield services construction and engineering industries. Eni was founded in 1953 and is based in Rome, Italy.


DEAL STATS #
Overall 3 of 4
Sector: Renewable Energy M&A 2 of 2
Type: Joint Venture M&A Deals 2 of 2
Country: Italy M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Vargronn

Stavanger, Norway

Vargronn is a renewable energy company, aiming to develop, construct, operate and finance green energy and infrastructure projects in the Nordic-Baltic markets. The company’s ambition is to reach an installed capacity in the region of 1 GW towards 2030. Vargronn was founded in 2020 and is based in Stavanger, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-23 Neptune Energy

London, United Kingdom

Neptune Energy is a new oil & gas investment vehicle offers full life-cycle capabilities across exploration, development, and production. Neptune Energy was founded in 2017 and is based in London, United Kingdom.

Buy $2.6B