Industry: Energy & Utilities
Deal Type: M&A
Closing Date: 2019
A2A Energy Solutions has acquired a minority stake in Suncity Group Srl through a capital increase, with the aim of implementing an important development plan and to take full control in the coming years. As part of the transaction, A2A Energy Solutions has acquired 100% of SunCity Energy Srl, a subsidiary company specialized in aggregating and dispatching energy from renewable sources.
SunCity (http://suncityitalia.com/) is an Energy Service Company (ESCo) specialising in providing energy efficiency services and distributed generation to small or medium-sized enterprises, through its network of installers and innovative digital platforms. SunCity has developed a know-how that enables an integrated approach to distributed generation, IoT systems and energy efficiency solutions, engineered for optimal management through the use of proprietary digital platforms.
Role of Lyra:
Lyra Partners acted as financial advisor to Suncity
Tasks of Lyra included:
- Deal origination
- Assistance in defining the structure and the terms of transaction
- Assistance in the negotiation and execution of the transaction up to the closing
- Coordination of due diligence activities