F2i acquired E.ON’s solar parks

Through the transaction, the infrastructure fund acquired 7 photovoltaic plants from the German group for approximately total 49 MW installed capacity

F2i – one of the major European infrastructure funds – recently announced its expansion objective in the renewable energy sector. The fund’s CEO Renato Ravanelli described the recent acquisition of E.ON Climate and Renawables Solar Srl’s entire asset as a “a further step forward in F2i’s strategy”: thanks to this transaction, F2i will control 7 photovoltaic plants with a total installed capacity of almost 50 MW.

The plants will be incorporated in HFV Holding Fotovoltaica SpA – a company controlled by F2i’s First Funds specialised in solar renewable energy production and controlling plants with approximately 100 MW, accounting for about 149 MW installed capacity. HFV becomes thus the second largest Italian operator in this industry. This represents an important achievement for F2i, which aims to become a market benchmark and act as a pole of attraction for minor players.

As F2i’ top management highlighted, this transaction represents a step forward in F2i’s strategy, which is “designed to operate in sectors with a highly fragmented ownership, with the objective to foster the creation of larger, more efficient and profitable players through an active portfolio management”.

Three months ago, F2i acquired – through its Second Fund – Edens’ 70% share (now renamed E2i Energie Speciali Srl, the third major Italian operator in the wind energy sector with approximately 600 MW installed capacity). E2i Energie Speciali’s plants will complete the existing network of 200 MW installed capacity of the Alerion Group, of which F2i holds a majority share.

F2i’s press release on the transaction is available at:

http://www.f2isgr.it/en/allegati/comunicati_stampa/CS73_ENG.pdf

F2i selected a new partner for F2i Aeroporti

The development and investment strategy of the infrastructure fund managed by Renato Ravanelli progressed in the airport business with Ardian and Crédit Agricole Assurances.

A consortium made of Ardian (60%) and Crédit Agricole Assurances (40%) will support F2i to develop F2i Aeroporti’s airport network. On February 6^th the infrastructure fund chaired by Renato Ravanelli announced that after a selection process of a few months, the fund has designated a partner to further invest in the airport sector, both in Italy and abroad. In parallel, Ardian and Crédit Agricole Assurances signed a purchase agreement for the acquisition of F2i Aeroporti’s 49% share from F2i.

F2i Aeroporti (chaired by President Mauro Maia –  F2i’s Senior Partner specialised in the airport, TLC and highways sectors) is the holding controlled by F2i’s First Fund, which manages a substantial part of F2i’s shares in the airport business. Specifically: Gesac’s 70% (management company of Naples’ international Capodichino airport); Sagat’s 54.5% (Turin’s airport); SEA’s 35.7% (Milan’s Linate and Malpensa airports). F2i holds a further SEA’s 8.6% share through its Second Fund.

In 2014, the airports where F2i Aeroporti operates recorded a 4.7% traffic increase compared to 2013, handling approximately 37 million passengers – about 25% of the national air traffic, which accounts for an aggregated turnover of approximately 900 billion Euros.

F2i’s official press release on this topic is available at:

http://www.f2isgr.it/en/allegati/comunicati_stampa/F2i_CS72_ENG.pdf