Sixth Street Partners completed the acquisition of 38% stake in Sorgenia from Asterion and F2i for $4.6bn.

Sixth Street Partners, a private equity firm, completed the acquisition of 38% stake in Sorgenia, an Italian green-tech energy company, from Asterion and F2i, an investment management company, for $4.6bn. “We are proud to have supported our partner F2i and the management team in laying the foundations of the new Sorgenia. Since the beginning of our partnership in 2020, Sorgenia has evolved into one of Italy’s leading integrated utilities, with a consolidated positioning as the country’s most innovative digital energy player. Under our ownership, the Company has significantly expanded its platform, adding over 600k retail customers and 0.4 GW of renewable capacity, as well as building a robust pipeline of 1.4 GW of renewable projects. We extend our best wishes to F2i, the management team, and Sixth Street as they lead Sorgenia into its next chapter of growth and innovation,” Jesús Olmos, Asterion Founding Partner and CEO.