Intesa San Paolo injects €2m into Samares

The investor has become the company's majority shareholder following the transaction, which sees Enerqos Group's stake reduced to a minority interest. The investment was made from the Atlante Ventures Mezzogiorno fund.

A significant part of the investment will be used to develop the firm's presence in Lecce where the company has recently opened executive offices in close proximity to a number of local clients in the photovoltaic sector.

The transaction is in line with the fund's focus on digital investments in southern Italy. The fund was launched in 2009 with initial assets of €25m contributed equally from IMI Investimenti (Intesa San Paolo Group) and the Department for Digitalisation and Technological Innovation of the Ministry for Public Administration and Innovation. The vehicle has a planned duration of 10 years.

Company
Samares was founded by Sandra Magnani in 2008. Based in Sesto San Giovanni, the company provides software and hardware solutions for the renewable energy market.

People
Head of fund Davide Turco and investment director Aurelio Mezzotero led the deal supported by the rest of the Intesa San Paolo team: Antonella Beltrame, Alvise Bonivento, Gianni De Caro, Giuseppe Gubello and Luca Binda. Antonella Beltrame has been appointed to the Samares board.

Advisers
Equity – Freshfields Bruckhaus Deringer (Legal).

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• Topics
• Southern Europe
• Support services
• Expansion
• Italy
• Intesa Sanpaolo