SUSI Partners announced the acquisition of a majority in Italian energy service company Genera Group through its flagship SUSI Energy Transition Fund, deepening its commitment to energy efficiency infrastructure investments. The target directly owns – in most cases, fully - eight SPVs managing twelve operating energy efficiency projects in Italy and Brazil. These operating projects are expected to generate, on aggregate, savings in excess of 1 million tCO2.
The transaction is the continuation of a long-standing relationship between Genera Group and SUSI Partners, exemplifying SUSI’s
partnership-based investment approach. While SUSI has invested more than EUR 400 million in energy efficiency measures through its credit platform to date, the acquisition represents the company’s first equity investment in the energy efficiency space.
The SUSI Energy Transition Fund is an evergreen fund which held its first closing in July 2020 at EUR 300 million. The fund invests in sustainable energy infrastructure with the aim to decarbonise energy production, increase the energy efficiency of existing
infrastructure, and enable the use and expansion of integrated clean energy solutions. Energy efficiency measures are an important pillar of the investment strategy, as they represent a financially attractive and cost-efficient way to reduce CO2 emissions while
enabling customers to reduce energy costs and enhance productivity.
DLA Piper as a legal advisor while Prothea acted as a financial advisor to SUSI Partners AG in the transaction, while the law firm Gianni & Origoni assisted the Genera group.
