Asterion Takes Over Samso, a Milan-Based Energy Efficiency Company

Asterion Industrial Partners, a Spanish independent private equity group that invests in European infrastructure, has pledged to acquire a majority stake in Milan-based energy efficiency company Samso through its Fund II’s Energy Transition Solutions platform. Essentially selling is entrepreneur Stefano Meloni, who through his holding company Melpart had acquired 51 percent in 2016, as the other two shareholders, who founded the company in 2014, namely Igor Bovo and Gianpiero Cascone, will reinvest in the acquisition vehicle through their companies Tobago srl and PVR srl while retaining their respective operating positions.

The transaction is subject to certain conditions precedent, including Golden Power, and is expected to be finalized by the end of 2022. Asterion, in Italy, already has a minority stake in the capital of Sorgenia and instead controls the TLC group Retelit. and the digital facilities manager Irideos.

Samso, with headquarters in Milan and offices in Padua and Salerno, is a leader in Italy in systems and equipment aimed at improving efficiency and reducing energy consumption throughout the country, where it operates with a team of about 70 people. Samso has so far served 450 industry and public administration clients and developed projects for more than 80 Mwp.

The company, for example, has built a solar rooftop that will power ultrafast charging stations, the regeneration plant for Ferretti Group, and the efficiency of 7 gyms.

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Samso ended 2021 with revenues of 16 million, negative Ebitda of 719 million, and a pfn of 17.5 million

For Asterion, Samso represents an opportunity to enter the Italian energy efficiency market with an experienced and agile company with significant prospects for growth organically and through acquisitions. The Italian energy efficiency market is highly fragmented, and Samso represents an excellent entry point into this market.

Asterion will support Samso in further developing its ESCo business and expanding its product range from photovoltaic rooftops to electric vehicle charging, thus enabling it to build an integrated energy transition platform. Asterion’s acquisition of the majority stake will help the company achieve a leading position in a strategic Italian and European market that is experiencing very strong growth.

Asterion is increasing its presence in Italy. As mentioned earlier, ko last July it acquired control of Irideos, a leading Italian digital infrastructure operator offering connectivity, data centers, and cloud solutions. In fact, Asterion acquired F2i sgr’s entire stake in Irideos, or 78.4 percent. The remaining 19.6 percent will instead remain with the Marguerite fund.

At the beginning of the year, the company founded by former Endesa Europe number one Jesu’s Olmos delisted Retelit, one of the leading independent wholesale fiber service providers in Italy, from Piazza Affari, with a platform of about 15 thousand kilometers of fiber, including metropolitan networks in the 14 largest cities, as well as 19 data centers.

With these deals, Asterion strengthens both the depth and breadth of its European digital infrastructure portfolio, which currently includes 1.4 million premises wired with Fiber-To-The-Home, 49,000 km of long-distance fiber networks, 8,000 rural backhaul radio links, and 42,000 square meters of data center space in Spain, Italy, the United Kingdom, and Ireland.

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First published in Be Beez, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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