Green Arrow invests €75m in Italian biomethane sector

Alessia Argentieri
02 June 2020

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Green Arrow Capital has acquired a majority stake in a subsidiary of Italian renewable energy group Lazzari & Lucchini, which controls a biomethane production plant based in northern Italy.

This transaction is part of a larger deal that includes the acquisition of a total of six plants for a combined value of €75m.

According to the deal, Green Arrow will acquire a majority stake in six subsidiaries of Lazzari & Lucchini, each one controlling a biomethane production plant based in northern Italy.

Lazzari & Lucchini will retain a minority stake in the business and continue to be involved in the management of the plants.

The GP invested via Green Arrow Energy Fund, dedicated to renewable energy.

People
Green Arrow Capital – Daniele Camponeschi (co-founder, chief investment officer); Giulio Barendson (investment manager).

Advisers
Equity – Herbert Smith Freehills (legal); KPMG (financial due diligence, tax).
Company – Orrick (legal); Nelke (financial due diligence); MFZ & Partners (financial due diligence).