Infranity, a specialist in infrastructure investments, has taken an anchor role in the successful closing of a €350 million ($378 million) holdco financing deal for IFM Net Zero Infrastructure Fund and its affiliates’ look-through stake in ERG, a prominent renewable-energy company in Europe.
The IFM Net Zero Infrastructure Fund and its affiliates own a 49 percent stake in SQ Renewables, the holding company that owns a 63 percent stake in ERG.
Infranity contributed €125 million ($135 million) to the financing deal, making it the largest lender in the facility.
ERG, established in 1938 in Genoa, Italy, initially operated as a refinery company. In 2006, the company embarked on a strategic transition from the oil industry, reallocating the proceeds from asset disposals toward renewable-energy investments. By 2013, ERG had become a key player in Italy’s renewable-energy sector, fully dedicated to the energy transition and decarbonization. ERG is now a fully r
