EISER Infrastructure Partners has announced the signing of a binding agreement for the disposal of its portfolio company Società Gasdotti Italia S.p.A. (SGI) to Sole Bidco S.p.A., an Italy-based subsidiary of Macquarie European Infrastructure Fund 4 (MEIF4), managed by Macquarie Infrastructure and Real Assets, and Swiss Life Funds (Lux) Global Infrastructure Opportunities II, managed by Swiss Life Asset Managers (SL GIO II).
The closing of the sale is conditional on European antitrust clearance as well as Italian Government’s golden power procedures. Financial close is expected in the next quarter.
SGI is an independent transport system operator in the gas sector in Italy, owning and operating an integrated network of high pressure natural gas pipelines with a length of ca. 1,500 km (over 4% of the Italian network).
Citi and Paul Hastings acted as financial and legal advisor to EISER, respectively. Rothschild and UniCredit acted as joint financial advisors to MEIF4 and SL GIO II, with Gianni, Origoni, Grippo, Cappelli & Partners acting as legal advisor.