Client:
Envalue - MSE Solar
Date:
May 2024
Object of the assignment:
Financial Advisor to the Seller
With:
In May 2024, ValeCap acted as exclusive financial advisor to EnValue GmbH (“EnValue”) and MSE Solar GmbH (“MSE Solar”) for the sale of a majority stake in their subsidiary Parco Solare Friulano 2 S.r.l. to A2A S.p.A. (“A2A”). The company owns a 112 MW ready-to-build photovoltaic (PV) project, one of the largest authorized solar developments in northern Italy.
The project, located in Friuli Venezia Giulia, obtained its ready-to-build status in February 2024. Construction will be carried out by EnValue Italia, with EnValue and MSE Solar continuing to oversee the works as EPC contractors.
EnValue, based in Germany, is a leading solar energy company specializing in EPC, operation, maintenance, and asset management of solar power plants, managing more than 100 solar parks and 500 rooftop systems for a total installed capacity exceeding 600 MWp. MSE Solar, also headquartered in Germany, focuses on the development of utility-scale solar parks, battery storage systems, and other renewable technologies.
A2A, listed on the Milan Stock Exchange, is one of Italy’s largest multi-utility companies, active in the generation, distribution, and sale of electricity. The group produced over 19.5 TWh of electricity in 2023, of which 21% derived from renewable sources.
ValeCap supported the Sellers throughout the transaction, leading the project valuation and assisting in the negotiation of all key transaction documents.