Client:
Patrizia
Date:
February 2024
Object of the assignment:
Financial Advisor to the Buyer
With:
In February 2024, ValeCap acted as exclusive financial advisor to Patrizia SE (“Patrizia”) for the acquisition of Atlantic1 S.r.l. (“Atlantic1”), one of Italy’s largest independent operators in the public lighting sector. The transaction involved the purchase of the entire share capital of Atlantic1 by an investment vehicle managed by Patrizia.
Patrizia, a leading European real assets investment manager with over €56 billion in assets under management, executed the investment through its flagship Smart City Infrastructure Fund (“SCIF”), a single-LP fund backed by Dutch pension giant APG. SCIF focuses on deploying long-term institutional capital to accelerate the development of low-carbon, resource-efficient and sustainable urban ecosystems across Europe.
Atlantic1 manages a geographically diversified portfolio of approximately 360,000 light points across Italy and provides municipalities with high technical expertise in relamping and energy-efficiency upgrades of public lighting networks.
This transaction marks ValeCap’s fifth advisory mandate in the Italian public lighting sector, confirming its strong track record in energy efficiency and infrastructure transactions.