Terra Firma initially acquired a small portfolio of solar energy assets which became RTR in 2011. Since then, under Terra Firma’s ownership, RTR has completed a series of bolt-on acquisitions and more than doubled its production capacity, from 144MW in 2011 to 334MW across 134 production sites today.
Terra Firma was advised by Cantor Fitzgerald, Jefferies, J.P. Morgan, UniCredit, Gianni Origoni Grippo Cappelli & Partners and Moroni & Partners.
Andrew Geczy, Chief Executive of Terra Firma, said, “Today's agreement will enable us to fully realize our investment in RTR. We developed RTR from a small collection of assets into the leading independent solar energy company in Italy, and have more than doubled the amount of energy it produces. Both RTR and Terra Firma have shown creativity and tenacity in navigating a complicated regulatory environment and changing energy market to deliver this positive result for our investors.”
Ingmar Wilhelm, Chairman and CEO of RTR, added, “This is an exciting time in the Italian and European solar energy market, and the new owner has a great platform for accelerated future growth and consolidation.”
