City Green Light S.r.l.
Business: Public lighting
Investment date: February 2018
Fund: FIEE I
Ownership: 59.30% directly and through the co-investment vehicle IPIN2e S.p.A.
Status: invested
Board members: 2
Website: citygreenlight.com
City Green Light S.r.l. is the largest private operator in the public lighting sector in Italy with 620,000 lighting points under management in 125 cities, with a backlog of just over € 1 billion.
The structure of the transaction envisaged an initial investment by FIEE I of € 33.2 million and a co-investment by the European Investment Bank of € 25 million managed by FIEE SGR.