Kiwa Moroni is pleased to have supported Obton Italy with its due diligence activities, in the acquisition of a portfolio composed of 21 photovoltaic plants, for a total capacity of 20,75 MWp.
Specifically, Kiwa Moroni has taken care of the aspects related to the Technical Due Diligence functional to the closing of the transaction, with particular attention to the authorization issues, to those related to GSE incentives, to the energy yield assessment, project contracts and the technical-economic parameters related to the financial model.
This is the second acquisition by the Obton Italy multi-compartment real estate fund managed by Sagitta SGR, the asset management company of the Arrow Global Group in Italy.
The transaction has been realized through a project financing of maximum 185 M€ underwritten by Natixis, as Agent, and Natixis, Milan branch, as Original Lender, Structuring Mandated Lead Arranger & Bookrunner and by Unicredit and Intesa Sanpaolo each as Original Lender, Structuring Mandated Lead Arranger, Bookrunner and Hedging banks. Intesa will also act as Account Bank.
Kiwa Moroni would like to thank Obton Italy, Natixis and the other Advisors involved in the transaction for the fruitful collaboration during the deal.
The Due Diligence activities performed by Kiwa Moroni allow investors and lenders to evaluate their projects in the most appropriate way, proceeding to an accurate analysis of all the technical aspects of a project, highlighting the risks and the appropriate mitigation measures.