UBS Asset Management Ltd’ Partnership with Econergy Renewable Energy Ltd


Ashurst, Agnoli and Giuggioli and GOP assisted the parties involved in the creation of the partnership.

UBS Asset Management Ltd has announced an operation aimed, on the one hand, at creating an exclusive partnership with Econergy Renewable Energy Ltd for the construction and management of its portfolio of photovoltaic and wind solar plants in Italy for a total power of 1.1. GW, and on the other, the acquisition of a portfolio of plants, both operational and in development, of renewable energy (photovoltaic and biogas), by UBS Asset Management (UBS-AM) Real Estate & Private Markets (REPM) infrastructure business, for a total capacity of approximately 18.4 MW. As part of the transaction, UBS Asset Management (UBS-AM) Real Estate & Private Markets (REPM) infrastructure business also secured an option for an additional 22 MW of operational photovoltaic solar plants. The law firms Gianni, Origoni, Grippo, Cappelli & Partners and Agnoli and Giuggioli assisted Econergy Renewable Energy Ltd and the sellers: the investment fund FPCI Infragreen III and the company Econergy Systems Ltd.

The Ashurst team was led by partner Carloandrea Meacci and counsel Anna Pinzuti, with senior associate Andrea Di Rosa, associates Paolo Gallarà and Genny Muccardi, and trainee Riccardo Rao. The administrative aspects were followed by the partner Elena Giuffrè, while the antitrust aspects by the counsel Gabriele Accardo.

GOP acted with a team composed of the partners Massimiliano Calabrò and Ottaviano Sanseverino and the associated Juancarlos Pirani and Graziano Cucchi.

The law firm Agnoli e Giuggioli acted with a team composed of the partner Giulio Giuggioli, the managing associate Roberta Ardigò and the associate Marta Picco. The administrative law aspects were followed by the senior associate Francesca Vrespa.

Prothea assisted UBS Asset Management Ltd as financial advisor with a team composed of the managing director David Armanini, the managing associate Tommaso Angela and the senior associate Pietro Torrente.

Cantor Fitzgerald assisted Econergy Renewable Energy Ltd and the sellers as financial advisors.

Involved fees earner: Roberta Ardigò – Agnoli e Giuggioli, AG Studio Legale; Giulio Giuggioli – Agnoli e Giuggioli, AG Studio Legale; Marta Picco – Agnoli e Giuggioli, AG Studio Legale; Francesca Vrespa – Agnoli e Giuggioli, AG Studio Legale; Gabriele Accardo – Ashurst; Andrea Di Rosa – Ashurst; Paolo Gallarà – Ashurst; Elena Giuffrè – Ashurst; Carloandrea Meacci – Ashurst; Genny Muccardi – Ashurst; Annamaria Pinzuti – Ashurst; Riccardo Rao – Ashurst; Massimiliano Calabrò – Gianni Origoni Grippo Cappelli & Partners; Graziano Cucchi – Gianni Origoni Grippo Cappelli & Partners; Juancarlos Pirani – Gianni Origoni Grippo Cappelli & Partners; Ottaviano Sanseverino – Gianni Origoni Grippo Cappelli & Partners;

Law Firms: Agnoli e Giuggioli, AG Studio Legale; Ashurst; Gianni Origoni Grippo Cappelli & Partners;

Clients: Econergy; UBS Asset Management (Italia) SGR SpA;