Falck Renewables has sold a 60% stake to Infrastructure Investments Fund, with plans for a mandatory tender offer for the remaining shares.

Target Information

Falck S.p.A. is the holding company for Falck Renewables S.p.A., a prominent player in the renewable energy sector across Europe. The company has recently completed a transaction where it sold a 60% stake to Infrastructure Investments Fund (IIF), an investment vehicle managed by J.P. Morgan Investment Management. This strategic move has significant implications for both the investor and the future direction of Falck Renewables.

Falck Renewables S.p.A., listed on the STAR segment of the Italian Stock Exchange, specializes in the development, design, construction, and operation of renewable energy facilities. The company boasts an impressive installed capacity exceeding 1.3 GW, which is derived from various renewable sources including wind, solar, waste-to-energy (WtE), and biomass. Essentially, Falck Renewables plays a dual role as an energy producer and a provider of technical advisory and asset management services, overseeing assets totaling approximately 3.8 GW in capacity.

Industry Overview in Italy

The renewable energy industry in Italy has seen robust growth over the past decade, primarily driven by government incentives and a strong commitment to reducing carbon emissions. With Italy aiming to meet