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New Deal


Announced

Glennmont Partners and PGGM set up a joint venture in Italy.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Italy

renewable energy equipment

Joint Venture

Single Bidder

Private

Private Equity

Renewable Energy Equipment

Pending

Majority

Synopsis

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Glennmont Partners, Europe's fund manager focusing on clean energy infrastructure, and PGGM, a cooperative pension investor in the Netherlands, have set up a Green Energy Management Services joint venture. Financial terms were not disclosed. The entity will be responsible for managing, operating and building assets across Italy. It will also provide services to third party clients.

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