Omnes Capital injects €4m into Futuris

Omnes invested in Futuris via its Capenergie 2 fund, a cleantech-focused vehicle that held an interim close on €120.5m in May 2011. The GP has earmarked a further €10m for follow-on investments in the business.

This is Capenergie 2's 11th investment, and one of the few Italian deals performed by traditionally France-focused Omnes. The GP's latest deal in the peninsula to be recorded by unquote" was a 2011 investment in industrial and special graphic papers manufacturer Favini.

Futuris will use the fresh capital to work towards the development of three new power stations. The company is aiming to develop the equivalent of 54 MW of installed capacity by 2016, for a total investment of €220m.

Company
Established in 2009, Futuris specialises in biomass-generated power. The company develops and acquires projects involving the use of forest-based biomass. It also invests in the construction of heat and power generation and co-generation power plants, and operates power plants with a view to increasing efficiency.

The company currently operates solely in Italy but aims to expand further in the Mediterranean region.

People
Serge Savasta led the deal for Omnes.

Advisers
Equity – Ughi e Nunziante Studio Legale, Giovanni Bocciardo, Anna-Laura Pettoello (Legal); Ernst & Young, Stefano Robotti (Financial due diligence); SgurrEnergy, Chris Parcell, Arnaud Bertrand (Commercial due diligence).
Company – Vitale & Associati (Corporate finance); Rossi e Associati (Legal).

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• Topics
• Southern Europe
• Expansion
• Industrials
• Omnes Capital
• Cleantech