Integrated Asset Management plc Leads Acquisition of Euro 127 Million 34Mw PV Portfolio in Italy

PR Newswire Europe |

LONDON, /PRNewswire/ --

Integrated Asset Management plc ("Integrated" or "the Company"), a London based alternative investment group, today announces that it has acquired control of a portfolio of solar photovoltaic plants with a total capacity of 34Mw based in Italy. The Company's Integrated Alternative Investments Ltd ("IAI") subsidiary was the lead advisor and arranger of the transaction. The Company holds its investment through a controlling interest in Integrated Energy Holdings Limited, and Integrated Energy Holdings SA, both newly created entities which control the portfolio. Certain directors and existing shareholders of Integrated co-invested in the transaction. In addition, the Green Opportunities sub-fund of Integrated Investments SICAV- SIF, a Luxembourg company for which IAI serves as Investment Advisor, also co-invested in the acquisition of the Portfolio.

The acquisition price of the portfolio was Euro 127m, which has been financed by the Integrated led group and by a Senior facility from Mediocredito Italiano. Banca IMI acted as facility agent. Armon Capital Srl advised the Company in the transaction.

Integrated has partnered in this transaction with Econergy Systems Ltd. an Israel-based management group with considerable experience in solar energy investments.

Since 2001, Integrated has structured, managed and invested in alternative investment opportunities, originally in the hedge fund of funds sector, and more recently in real estate and alternative energy. Together with its partners, Integrated intends to continue its acquisitive strategy in the alternative energy market with an initial target to achieve 100Mw of installed power.

Emanuel Arbib, CEO of Integrated, commented:

"This acquisition represents the culmination of a three-year effort to identify attractive investment opportunities in the solar energy space. We were persuaded that the combination of the 2014 reduction in feed-in-tariffs in Italy, together with record low interest rates presented a very attractive environment for consolidation and refinancing. Having analysed nearly a dozen opportunities we have decided to partner with Econergy to purchase this high quality portfolio. We look forward to expanding our participation in this sector in the coming months and years by facilitating the consolidation of smaller plants and portfolios in Italy and selected European countries."

Note to Editors: Integrated Asset Management plc is a London based alternative investment group, previously listed on the AIM market of the London Stock Exchange. Integrated Asset Management's core business has traditionally been innovative fund management and alternative investment products.

For further details please contact:

Benedetta Spizzichino
b.spizzichino@integratedai.com
Integrated Asset Management Plc
4 Hill Street, London W1J 5NE
Tel: +44(0)20-7514-9200
Fax: +44(0)20-7514-9202
http://www.integratedam.com


DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

Can the Media Solve the Partisan Conflict?

Andrew McCarthy, Contributing Editor, The National Review; Michael Zeldin, CNN Legal Analyst; Celeste Katz, Senior Political Reporter, Glamour; Silvia Davi, SVP, Contributing Editor, Equities.com; and Doug Simon, CEO, D S Simon Media discuss how the media’s role has shaped the landscape for communicators and what the media is trying to do to reduce discord in society.

Emerging Growth

DirectView Holdings Inc

DirectView Holdings Inc designs and installs surveillance systems, digital video recording and services. The company through its subsidiaries operates within two divisions security and surveillance and video conferencing services.