Business: Public lighting
Investment date: April 2018
Fund: FIEE I
Board representatives: no. 2 out of 3 directors appointed by FIEE I
The company is the main industry player in Southern Italy. It currently manages 85,000 lighting points in 55 cities and intends to reach a portfolio of 150,000 lighting points with the projects already launched.
FIEE I invested € 24.5 million in the transaction, acquiring shares from current shareholders and subscribing capital increases and a convertible bond loan.