REDELFI SIGNS A FINANCING CONTRACT OF 15 MILLION WITH ANTHILIA CAPITAL PARTNERS SGR FOR BESS DEVELOPMENT IN ITALY
THE FINANCING WILL SUPPORT THE DEVELOPMENT OF BATTERY ENERGY STORAGE SYSTEM STAND-ALONE (BESS) IN ITALY AND WILL BE USED TO BUILD BRIGHT STORAGE’S 2.8 GW PIPELINE, IN LINE WITH THE 2023-2026 BUSINESS PLAN
Milan, 16 April 2024
Redelfi S.p.A. (“Redelfi” or the “Company“), a company at the head of the industrial group of the same name with operational headquarters in Genoa – active in the development of innovative and sustainable infrastructure projects to facilitate the energy transition, and listed on the segment of Borsa Italiana – and Anthilia Capital Partners SGR (“Anthilia”), announce that they have signed a financing contract for a total of €15 million through the funds , and , which will be disbursed in two installments upon request of the Company, aimed at the implementation of Battery Energy Storage System stand-alone (“BESS”) in Italy, and in particular for the development of the BESS pipeline of Bright Storage S.p.A. (“Bright Storage ), one of the four drivers of the 2023-2026 Business Plan – ref. p.r. of 11 December 2023.
In line with what has already been stated in the press release of 12 February 2024, Redelfi acts in the joint venture with the dual role of developer and financing partner and, therefore, the transaction concluded with Anthilia provides the Company with an important support due to the financing commitments undertaken.
In detail, the five-year financing, fully subscribed by the funds Anthilia Must, Anthilia BIT III and Anthilia BIT IV Co-Investment Fund, amounts to €15 million, which will be paid in two tranches, by February 2025.
The industrial guarantee of the operation is represented by a minimum value of 57 million in revenues deriving from the contracts currently present in the backlog relating to the Italian BESS market, illustrated in the Industrial Plan.
The loan will provide interest paid semi-annually at a variable interest rate, aligned with market conditions, with a pre-amortization period until December 2026, the month in which repayment of the principal amount will begin.
Davide Sommariva, President of the Board of Directors of Redelfi S.p.A. commented: “The trust placed in us again by an important company like Anthilia confirms the validity of Redelfi’s business model and of the 2023-2026 Industrial Plan presented to the market. This financing will allow the Company to continue its growth in the green energy sector by providing the means to complete one of the drivers of our Business Plan, and consolidating Redelfi’s position as a recognized operator in the BESS market.””
Barbara Ellero, Partner and Head of Private Capital of Anthilia Capital Partners SGR, declared: “We are very pleased to be able to continue to support the growth of a player with proven expertise in renewable energy, capable of developing innovative projects brought forward, thanks also to the network of partners created over time both in Italy and in the US. n addition, the green nature of the Group and its focus on ESG principles distinguish Redelfi as an ideal partner for Anthilia, which aims to support Italian SMEs that look to the future with a sustainable vision.”.
As part of the operation, the Issuer was assisted by IR TOP Consulting as transaction advisor, while the legal aspects were handled by Lawyer Monica Grosso of law firm MG LAW Studio Legale and Lawyer Pietro Paolo Ippolito of law firm DLA Piper.
This press release is available on website www.redelfi.com, section , and on www.1info.it.
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Redelfi is the company at the helm of the homonymous Group, engaged in the energy and digital transition, with a strong innovative approach in the definition of products, services and processes, and high focus on compliance with ESG principles.
Following the 2023 half-yearly financial report, the Group achieved a Value of Production of € 4.2 million and a Net Result of € 1.4 million. Net Financial Position is € 3 million, and Net Equity is € 11 million.
Anthilia Capital Partners SGR is an independent Italian company dedicated to asset management on behalf of institutional and private clients. Thanks to its specialization and experience in its target segments, the Sgr has been able to establish itself since 2008 by focusing on the values required by investors: specialization, transparency, and absolute return. The Company has assets under management of more than 2.5 billion euros with more than 1.3 billion invested in private capital and a leading position in the Italian small cap segment. Major investors include the European Investment Fund, Cassa Depositi e Prestiti, the Italian Investment Fund, and several European insurance and banking groups of primary standing. In 2018 and 2022, Anthilia was awarded the Private Debt Award for the “Development” category and in 2023 and 2021 for the “Saccomanni Award” category. Since 2018, Anthilia Sgr has qualified as an “Innovative SME” thanks to the development of a proprietary technology platform to support investment management and advanced reporting.
Contacts:
ISSUER
Redelfi | Investor Relations Manager | Erika Padoan | investor-relations@redelfi.com | T: +39 320 7954739 | via A. Scarsellini, 119 Tower B “I Gemelli” 11th floor, 16149 Genova
Redelfi | Media Relations | Carolina Beretta | carolina.beretta@redelfi.com | via A. Scarsellini, 119 Tower B “I Gemelli” 11th floor, 16149 Genova
INVESTOR & FINANCIAL MEDIA RELATIONS
IR Top Consulting | Investor Relations | ir@irtop.com | T: + 39 02 4547 3884/3 | Via Bigli, 19 – 20121 Milano
IR Top Consulting | Media Relations | d.gentile@irtop.com | T: + 39 02 4547 3884/3 | Via Bigli, 19 – 20121 Milano
EURONEXT GROWTH ADVISOR & SPECIALIST
Integrae SIM | Euronext Growth Advisor | info@integraesim.it | T: +39 02 96846864 | Piazza Castello, 24 – 20121 Milano
Banca Finnat Euramerica S.p.A. | Specialist | istituzionali@finnat.it | T: +39 06 69933 | Piazza del Gesù, 49 – 00186 Roma
Ufficio Stampa Anthilia Capital Partners
Barabino &Partners
Emma Ascani
e.ascani@barabino.it
Giuseppe Fresa
g.fresa@barabino.it 02 72023535
Anthilia
Chiara Conti
chiara.conti@anthilia.it
tel. +39 02 97386.136
