True Energy Wind, a company active in the mini-wind sector, is planning to be listed on the Aim segment of the Italian Stock Exchange, an alternative market dedicated to high-potential small and medium-sized enterprises. The IPO on Piazza Affari is expected by the end of the summer.
“True Energy Wind intends to be listed on the Aim Italia market to raise capital, both in the form of equity and through debt instruments, to finance a development project which involves the production and marketing of electricity through the construction and commissioning of 120 small wind turbines for a power of 5,4 Mw”. This is what can be read in a note from the company, which specifies how the new turbines together with the 50 already installed (for 1,5 Mw), will already generate an annual turnover of 2014 million euros starting from 4.
However, the majority of the capital will remain in the hands of the current owner, True Energy Sicav SIF, a private equity fund launched in January 2011 and specialized in investments in the micro-renewable energy sector.
The IPO of True Energy Wind is followed by Advance Advisor as financial advisor, who will underwrite a share equal to 5% of the offer, and by Integrae Sim as Nomad and global coordinator.
