Igneo Infrastructure Partners has plans to acquire 100 percent of the share capital of City Green Light (CGL), an Italian independent public lighting and smart city operator, from Marguerite Infrastructure Italy II, FIEE SGR and IPIN 2E (a FIEE co-investor vehicle). Financial terms were not disclosed.
City Green Light manages about 1 million lighting points under a portfolio of long-term contracts with more than 300 municipalities, providing critical public lighting and smart city solutions. These contracts offer stable, inflation-linked cash flows and long-term visibility.
Igneo views CGL as a strategic platform that is positioned to benefit from attractive underlying market fundamentals. CGL’s business model supports Igneo’s responsible investment approach, as its efficient lighting solutions help local governments reduce power demand and advance the energy transition.
“City Green Light represents the 10th portfolio company acquired by European Diversifi
