M&A Deal Summary

F2i SGR Acquires RTR

On July 26, 2018, infrastructure investor F2i SGR acquired renewable energy company RTR from Terra Firma Capital Partners for 1.3B EUR

Acquisition Highlights
  • This is F2i SGR’s 1st transaction in the Renewable Energy sector.
  • This is F2i SGR’s largest (disclosed) transaction.
  • This is F2i SGR’s 10th transaction in Italy.

M&A Deal Summary

Date 2018-07-26
Target RTR
Sector Renewable Energy
Buyer(s) F2i SGR
Sellers(s) Terra Firma Capital Partners
Deal Type Secondary Buyout
Deal Value 1.3B EUR

Target

RTR

Rome, Italy
RTR is a solar photovoltaic (PV) energy generator with a large portfolio of production sites throughout mainland Italy, Sicily and Sardinia. RTR was founded in 2009 and is based in Rome, Italy.

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Buyer(S) 1

Buyer

F2i SGR

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2007
PE ASSETS 7.0B EUR
Size Mega
Type Sector Focused
DESCRIPTION

F2i SGR is an Italian investor in infrastructure and other real assets. The Firm primarily targets assets located in Italy and will consider both minority and majority positions. F2i was formed in 2007 and has offices in Rome and Milan.


DEAL STATS #
Overall 10 of 20
Sector (Renewable Energy) 1 of 3
Type (Secondary Buyout) 1 of 3
Country (Italy) 10 of 20
Year (2018) 1 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 SOGEAAL

Alghero, Italy

SOGEAAL is the Management Company of the Alghero Airport. SOGEAAL was founded in 1994 and is based in Alghero, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 EI Towers

Lissone, Italy

EI Towers is the owner and manages the main Italian network for the transmission of the TV signal (over 2,300 towers) and has a fiber optic backbone of over 6,000 km serving its infrastructure. EI Towers was founded in 1999 and is based in Lissone, Italy.

Buy -

Seller(S) 1

SELLER

Terra Firma Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 18.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Terra Firma Capital Partners is a private equity firm that primarily targets distressed 'asset rich' companies in need of management change or operational improvement. Terra Firma also invests in market leading businesses, or platform businesses capable of becoming market-leading businesses through add-on investments. Terra Firma generally looks to invest in businesses headquartered in Western Europe. Terra Firma was originally formed in 1994 and became an independent investment group in 2002. The Firm is based in London.


DEAL STATS #
Overall 20 of 26
Sector (Renewable Energy) 3 of 3
Type (Secondary Buyout) 6 of 7
Country (Italy) 1 of 1
Year (2018) 2 of 2
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-22 Wyevale Garden Centres

Middlesex, United Kingdom

Wyevale Garden Centres is a plant and garden focused retailer. Wyevale has three sources of income: the sale of gardening and associated retail products; on-site food and beverage outlets and lease income from concession space let to third-party retailers. Wyevale Garden Centres was established in 1960 and is based in Middlesex, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 Parmaco Oy

Tampere, Finland

Parmaco designs build and leases fully assembled and ready-to-use high-quality wooden modular buildings that are used as schools and daycare centers in Finland and Sweden. Parmaco was founded in 1966 and is based in Tampere, Finland.

Buy -