25 January 2019

L&B Partners co-advisor of Glennmont in the disposal of its 85,4 MW photovoltaic portfolio to Tages Capital

Through four Italian companies, CEF owns an operating photovoltaic portfolio composed by 3 power plants having a total installed capacity equal to 85,4 MWp, located in Veneto and Lazio

L&B Partners and Rothschild assisted Glennmont Clean Energy Coöperatief U.A. (Glennmont Partners) in the disposal of the entire share capital of the Dutch company CEF Energia Italia B.V. (CEF) to Tages Capital, a leading international alternative investment group.

Orrick, Herrington & Sutcliffe and Norton Rose Fulbright have assisted, respectively, Glennmont Partners and Tages Capital in every step of the competitive process.

L&B Partners, with a team composed by the Partners Flavio Di Terlizzi and Gianguido Arcangeli and the Associate Gianmarco Carella, and Rothschild, with a team composed by the Managing Director Alessandro Bertolini Clerici, the Director Marco Ricciotti, the Associate Domenico Paglia and the Analyst Luca Boschetti, assisted Glennmont Partners, as financial advisors, in all M&A activities, in the financial valuation of the portfolio, in the management of the competitive process and in the negotiation of the operation.

Glennmont Partners’ team has been led by the Investment Director Claudio Vescovo, assisted by the Manager Roberto Casuccio and the Analyst Marcello Reccia.