NEW YORK, LONDON & MILAN, May 5, 2020 - Investcorp, a leading global provider and manager of alternative investment products, and Tages Group (“Tages”), a leading, European alternative asset management firm, today announced that they have created a 50/50 joint venture (the “JV”) through merging Investcorp’s Absolute Return Investments business (“Investcorp ARI”) and Tages Capital LLP [...]
Tages, the €47bn alternative investment group, today announced an agree-ment with VAM Investments, a private equity investment holding company specialising in growth capital and buyouts. This strategic partnership marks Tages' entry into the private equity sector as it continues to grow its business lines across alternative asset classes. Under the agreement, Tages will acquire an [...]
Tages Capital SGR (‘Tages’) announces that Tages Helios fund (see fund description below) signed a contract with the company SECI S.p.A. (Maccaferri Industrial Group) to acquire a portfolio of more than 51 MW comprising 35 plants distributed throughout Apulia, Sicily and Emilia Romagna effective, December 2017. The plants in the portfolio use first-rate technology and [...]
The ownership of the real estate assets have now been transferred to Tages Helios and will be leased back to operators of the plants. Management will be undertaken by Delos Power SRL. Tages Helios, together with Delos Power, has become a key part of the Italian solar infrastructure sector. The companies have recently completed a [...]
Tages Helios has attracted interest from institutional investors who were typically enticed by the value and quality of the assets already acquired. Furthermore, t he manager’s existing capability to increase target portfolio returns to an IRR in excess of 8% , has added to the appeal . The final investor base breakdown included insurance companies [...]
The third round of subscriptions saw participation from existing investors as well as approximately half of the newly committed capital coming from new subscribers including major Italian institutional investors such as Fondazione Cariplo and Eur ovita . Tages Helios also attracted several important family office investors who have recognised the value and the quality of [...]
It is an innovative structured finance transaction within the renewable energies and real estate sectors, executed by Banca IMI S.p.A., BNP Paribas - Italian Branch, Intesa SanPaolo S.p.A., Natixis S.A. - Milan Branch and UniCredit S.p.A. The financing, for a total amount of Eur 162 million, will be followed by the direct acquisition of the [...]
Francesco Trapani enters the capital structure of Tages Holding with a 9% participation through a reserved capital increase. He will also join Tages Holding Board together with the current shareholders: Umberto Quadrino, Panfilo Tarantelli, Sergio Ascolani and Salvatore Cordaro and Lorenzo Bini Smaghi, as independent director. Trapani began his career as Chief Executive Officer of [...]
The portfolio has an established operating history since 2011-2012 and was built according to industry best practices. The 9Ren plants generate about 80 GWh per year, enough energy to meet the electricity needs of 30,000 households and allow an annual saving of 43,000 tons of CO2. Tages Helios is the first infrastructure fund launched by [...]
With a fund raising target of approximately Eur 300 million, the Fund aims to become a leading consolidator in the Italian PV sector. The Italian PV sector is the second largest in Europe and the third globally, with a total installed capacity in excess of 18,000 MW. It is very fragmented, with the majority of [...]
