M&A Deal Summary

EF Solare Italia Acquires Renovalia Energy

On December 16, 2019, EF Solare Italia acquired renewable energy company Renovalia Energy from Cerberus Capital Management

Acquisition Highlights
  • This is EF Solare Italia’s 1st transaction in the Renewable Energy sector.
  • This is EF Solare Italia’s 1st transaction in Spain.

M&A Deal Summary
Date 2019-12-16
Target Renovalia Energy
Sector Renewable Energy
Buyer(s) EF Solare Italia
Sellers(s) Cerberus Capital Management
Deal Type Add-on Acquisition

Target

Renovalia Energy

Madrid, Spain
Renovalia Energy specializes in the promotion, production, management and sale of electricity generated through renewable energy sources (wind power, photovoltaic power and small hydro power). Renovalia Energy was founded in 1998 and is based in Madrid, Spain.

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Buyer(S) 1

Buyer

EF Solare Italia

Rome, Italy
Category Company
Sector Renewable Energy
DESCRIPTION

EF Solare Italia is a photovoltaic operator. EF Solare Italia is based in Rome, Italy.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Spain) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 44 of 54
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 22 of 27
Country (Spain) 1 of 1
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-15 Off Lease Only

West Palm Beach, Florida, United States

Off Lease Only is a large volume used-car dealership in the United States, with four state-of-the-art retail locations in Florida, including in Palm Beach, Miami, Orlando and Fort Lauderdale. Off Lease Only helps shoppers skip the depreciation and save thousands on more than 5,000 low mileage 2016-2020 cars, trucks, SUVs and vans. Off Lease Only has an A+ rating from the Better Business Bureau, is recognized as an Edmunds Five-Star Premier Dealer, and has received recognition multiple times as DealerRater’s “Used Car Dealer of the Year for the Entire United States”.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-06 Covis Pharma

Baarn, Netherlands

Covis Pharma is a global specialty pharmaceutical company that markets therapeutic solutions for patients with life-threatening conditions and chronic illnesses. Covis is focused on marketing and distributing an array of branded products used to treat chronic and life-threatening medical issues and improve patient outcomes in various therapeutic areas including respiratory, cardiovascular, gastroenterology and central nervous system diseases. Covis Pharma is based in Baarn, Netherlands.

Sell -
Mergr

Product

Company

Legal