Eni gas e luce S.p.A. acquires from L&B Capital S.p.A. and Enventi S.r.l. a shareholding equal to 70% in Evolvere S.p.A.

Milan, 19 November 2019 – Eni gas e luce S.p.A. has entered into with L&B Capital S.p.A. and Enventi S.r.l. an agreement for the acquisition of a shareholding equal to 70% of Evolvere S.p.A., a leading group in the sector of distributed generation, managing over 10,000 photovoltaic systems, of which 8,000 owned, located throughout Italy, with an overall installed capacity of approximately 54 MW. The completion of the acquisition is subject to the occurrence of certain conditions precedent, including the clearance by the competent regulatory authorities.

The sellers, L&B Capital S.p.A. and Enventi S.r.l., have been advised, as to the financial aspects, by L&B Partners and Rothschild & Co. L&B Partners team has been managed by Flavio Di Terlizzi and it included Riccardo Ciurlanti, Claudia Grimaldi and Giovanni Marino, while Rothschild & Co team has been led by Alessandro Bertolini Clerici, with the involvement of Domenico Paglia and Luca Molinari.

As to legal aspects, L&B Capital S.p.A. and Enventi S.r.l. have been advised by L&B Partners Avvocati Associati, with a team led by Michele Di Terlizzi and composed of Davide Pelloso and Giulia Paternostro.

The purchaser Eni gas e luce S.p.A. has been advised, as to legal aspects, by Pedersoli Studio Legale, with a team led by Ascanio Cibrario and including Luca Rossi Provesi, Giorgio Sorci and Alessandro Airaghi as to corporate aspects, while Giovanni Battista De Luca has managed the administrative law due diligence. Barclays has provided assistance in relation to financial aspects, with a team led by Andrea Pederzoli.

The in-house counsels of the purchaser involved in the transaction are Pietro Galizzi, Head of Legal and Regulatory Affairs at Eni gas e luce, Federica Andreoni and Niccolò Pallesi of the M&A legal team at Eni S.p.A..




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