Announced
Financials
Sources
Tags
Italy
Conventional Electricity
Acquisition
Majority
Private Equity
Friendly
electric utility services
Cross Border
Private
Pending
Single Bidder
Synopsis
Fondo Italiano per l'Efficienza Energetica, a private equity firm, Marguerite, a private equity firm, and Pioneer Point, a private equity firm, agreed to acquire Comat Servizi Energetici, an electric utility company. Financial terms were not disclosed. “We strongly believe that a successful energy transition will require significant action on the demand side of the energy market and that the role of companies like CSE will be critical to delivering it. We look forward to working with FIEE and Pioneer Point Partners to provide CSE with the capital and know-how it needs to further establish its market dominance,” William Pierson, Marguerite Managing Partner.
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