Capstone Partners Advised Epico USA on its Sale to Eagle Creek
Capstone Partners served as financial advisor to Epico Srl, an Italian operator of hydro and other renewable energy facilities, in the sale of Epico USA to Eagle Creek, an American hydroelectric operator backed by private equity investors.
Epico Srl operates approximately 41 power plants in Italy (mostly hydro) with 60 GWh of annual output.
Comprised of five hydropower stations under three FERC licenses totaling 2 MW and 10 GWh of annual output, the Epico USA assets will complement other hydroelectric plants that the buyer maintains throughout the U.S. Northeast.
The success of the transaction reflected Capstone’s ability to frame the benefits of the significant recent capital investments made by Epico in its plant infrastructure, and the Company’s “in-process” efforts to qualify the plants for valuable compliance renewable energy credits within the ISO New England region.
This is the second transaction Capstone Partners has completed with Epico Srl.
Having worked with [Capstone Partners] in the past, it wasn’t a question who we would use in this transaction. [Capstone Partners’] intimate understanding of the renewable energy sector, solid industry relationships, and transaction experience were invaluable in guiding us through this complex process.
