PR_BE THCP Bond_ENG

PRESS RELEASE
Building Energy sees continuous growth
with an injection of 30 million euros for
development
New financial resources from the international fund Three Hills
Capital will finance the construction and development of plants that
will rely on renewable energy sources in the United States, South
Africa and Eastern Europe.
Milano, August 26th 2015 — An agreement has been signed between Building Energy and the
pan-European fund Three Hills Capital Partners for the underwriting of a bond totalling 30 million
euros. The bond is listed on the MTF, which is managed by the Borsa Italiana in the professional
segment ExtraMot Pro. The issuing of the bond is to be structured with support from Intermonte
SIM, and is expected to be paid back after five years from the time of issuance. The international
fund, which is specialised in partnering with successful management teams in their growth
projects, will also have a non-controlling interest in the group.
The entire investment will be used to support a strategic industrial plan that in the next two years
foresees the construction of plants for producing energy from renewable sources. This is to take
place on a global scale for a total of more than 430 MW to be in operation starting in the year
2017.
“Obtaining these new resources will help grow the company’s financial flexibility and help speed up
growth in the United States, South Africa and Eastern Europe, markets where the company is
present with numerous plants that are currently being developed and built – said Fabrizio Zago,
CEO of Building Energy – We have recently won out in international competitions for the creation
of one of the largest biomass plants in Africa with a capacity of 16 MW, a 140 MW wind farm, a
mini hydroelectric plant with a capacity of 4,7 MW in South Africa and the first photovoltaic park in
Uganda, which will have a capacity of 10 MW. In the next few weeks, construction will begin on a
30 MW wind farm in Iowa, on the second phase of a solar plant at Cornell University in the state of
New York, as well as on a 45 MW solar plant in Panama. These projects are part of Building
Energy’s development pipeline, which today has projects with a total capacity of more than 2,2000
MW.”
“The investment in Building Energy testifies to Three Hills Capital Partners’ focus on finding and
supporting success stories led by ambitious management teams with a great desire for
international development – said Mauro Moretti, founder of Three Hills Capital Partners - We
are determined to support Fabrizio Zago’s vision and his team. In the last few years, they have
been able to come up with an integrated and unique business model for the renewable energy
market, with a strong focus on emerging markets and the United States.”
The operation was carried out by Intermonte and PwC and supported by the legal advisor Studio
Chiomenti on behalf of Building Energy, while Linklaters and Clifford Chance on behalf of Three
Hills Capital Partners.
BUILDING ENERGY
Building Energy is an independent energy producer working with renewable sources on four
continents. The company is vertically integrated on the value chain, from the development of
projects to the sale of energy. With a pipeline in 24 countries with over 2,200 MW and generative
assets being built over the next two years for more than 430MW (the Near Notice to Proceed and
Backlog projects), the company is positioned to be one of the major players on the international
scene in the renewable energy field.
For further information, visit the site www.buildingenergy.it.
THREE HILLS CAPITAL PARTNERS
Three Hills Capital Partners is a Pan-European investment platform launched in 2013 and is based
in London. With two management funds - Three Hills SICAV and Three Hills Decalia – the
company’s focus is on investments in preferred capital instruments. Today the company has about
200 million euros in management assets with shares in successful mid-market companies,
including Aquafil, Dedalus, Hunter and Byron.
For further information, visit the site www.thcp.eu.
Press contacts:
Building Energy
Maria Grazia Tiballi
Ph. +39 02 49527730
[email protected]
Publicis Consultants Italia
Barbara Rivolta – Alessandra Spagnolo
Ph. +39 02 30353324 - +39 02 77336.473
[email protected]
[email protected]