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Transactions - OCTOBER 7, 2020

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F2i and Asterion Industrial Partners acquire Sorgenia following a competitive bidding process

by Kali Persall

Italian infrastructure fund F2i and Asterion Industrial Partners have acquired Sorgenia, a high-efficiency combined-cycle gas electricity generator, finalizing a deal that was announced last December following a tender process.

During the bidding, F2i and Asterion agreed to acquire the entire share capital of Sorgenia from the creditor banks holding the shares. Sorgenia’s shares are now all held by Zaffiro, a vehicle company owned 72.4 percent by F2i Sgr and 27.6 percent by Asterion.

Under the deal, F2i will transfer its 282-megawatt wind portfolio and Italian biomass electricity producer San Marco Bioenergie to Sorgenia. The transaction creates an integrated provider of energy transition technologies using gas and renewables, with an installed capacity of 4,800 megawatts.

The new Sorgenia Group will be involved in developing additional renewable energy capacity in the wind and biomass segments, as well as the solar, biomethane, hydroelectric and geothermal se

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