SUSI Partners, through the SUSI Energy Transition Fund (“SETF”), has secured 100% ownership of Italian energy service company Genera New Energy S.p.A. Società Benefit (“Genera Group”) by acquiring the remaining 25% stake.
Headquartered in Rome, Genera Group offers industrial, commercial, and public clients the provision and operation of energy infrastructure that supports their efforts to save on energy costs, decarbonise their operations, and increase their energy independence. Key solutions are LED lighting retrofits, deep building retrofits, combined cooling, heat, and power facilities, process efficiency and on-site solar PV installations.
In 2020, SUSI had acquired a 75% stake in Genera Group and has now bought the remaining 25% stake based on the company’s continuous progress since the initial investment in 2020 and the strong strategic alignment with the current management team. Following the transaction, Filippo Ghirelli, has resigned from the board of directors and Richard Braakenburg, Co-CIO of SUSI Partners, has been appointed as new Chairman.
With the increasing global emphasis on decarbonisation and energy security, Genera Group is well positioned to capitalise on the growing market opportunities that energy and process efficiency as well as other customer-oriented energy solutions offer.
SETF – SUSI’s evergreen equity fund – focuses on establishing and scaling up platforms which develop, construct, buy, and operate energy transition infrastructure assets in Europe and other key OECD markets. The Fund currently holds a well-diversified portfolio across a wider set of energy transition themes, including clean energy generation, energy efficiency, battery energy storage, customer energy solutions, and electric vehicle charging.
