The SUSI Energy Efficiency Fund signed a transaction with the Beghelli Group for a true sale of receivables of an energy efficient lighting portfolio of contracting agreements signed between Beghelli Servizi Srl. and a variety of public institutions and corporate clients in Italy, for a nominal value of approximately €32.9 million (US$37.4 million).
The Beghelli Group is a European emergency lighting leader, that also operates in the fields of energy saving lighting and consumer electronics. Beghelli Servizi Srl. operates as an ESCO within the Group, offering to both corporate clients and public institutions energy efficient lighting as a service.
The SUSI Energy Efficiency Fund is currently in the investment phase, deploying €250 million equity for attractive investment opportunities throughout the European energy efficiency market.
With this transaction, which was signed on September 30, 2015, the fund stepped in as financing partner for energy saving contracts between a variety of public institutions and corporate clients in Italy and Beghelli as ESCO. These contracts substitute and upgrade the clients’ lighting systems into an energy efficient lighting system leading to significant reductions of the clients’ costs and ecological footprint.
Dr. Tobias Reichmuth, CEO and Founder of SUSI Partners AG, stated:
“Our participation in this transaction is in line with the principles that underlie our business model: reducing the environmental impact on infrastructure or production lines while generating safe and stable long term returns to the investor.”
Otto von Troschke, CIO and Co-Founder of the group commented:
“Being one of the largest energy efficient retrofit transactions in Europe, this investment is an important milestone for the SUSI Energy Efficiency Fund. It further underlines our position as a leader in the European energy efficiency market.”
Gian Pietro Beghelli, CEO of Beghelli Servizi Srl, added:
“This deal establishes a structured and efficient financial model that will sustain the UMDL (Un Mondo di Luce) initiative in the future.”