Nem exits Energon Esco

Nem sold its 37% stake in the business to the founders and majority shareholders, which triggered an option call against the GP's holding.

As part of the deal, Italian private debt fund manager Riello Investimenti Partners provided a €7m credit facility to support the company's future growth, including several strategic acquisitions. The facility has a seven-year maturity.

Previous funding
Nem acquired its minority stake in July 2014 with a €4.2m equity ticket alongside a €4.2m credit facility provided by Monte dei Paschi di Siena and Banco Popolare.

Company
Founded in 2009 and headquartered in Modena, Energon designs and installs energy production systems for residential and commercial buildings. The business focuses mainly on renewable energy.

According to a statement, the business expects to post €15m in revenues and a €2m EBITDA in 2017.

People
Energon Esco – Gianluca Guaitoli, Luca Pedani, Paolo Sandali (founders).

Advisers
Company – Pirola Corporate Finance (corporate finance); Studio Legale Bonazzi Ceccaroli Tavoni (legal); Studio Legale Giovannelli & Associati (legal).

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