Plangreen 2E represented an ESCo operating in the energy efficiency sector for large-scale retail operators, mainly delivering lighting efficiency interventions using LED technology devices.

In June 2025, the company was sold to Vivi Energia S.p.A.

Sourcing and Investment Rationale

• The transaction was negotiated on a fully bilateral basis.

Value Creation

• SPV structure used to de-risk the company’s start-up phase by outsourcing all operations and business activities (e.g., feasibility studies, engineering, construction, O&M, etc.) to the minority shareholder through a service contract.
• Maintained a lean organization benefiting from low operating costs and high margins.
• Hired a sales director in 2023.

Exit and Returns

• In June 2025, FIEE executed the sale of P2e (Fund I)