International law firm Ashurst advised a consortium of lenders (Banca IMI, Crédit Agricole Corporate and Investment Bank, ING, BBVA, Société Générale, BNP Paribas, UBI, Banco BPM and Cassa Depositi e Prestiti) on a €995 million financing  for the acquisition of the solar portfolio of RTR in Italy (about 333 MW), owned by the Terra Firma group by F2i. The subsequent refinancing of the existing debt, all within the same financing transaction, was characterised by a particularly innovative structure.

Together with the EF Solare Italia (through the detained EF Kosmos) transaction worth €1.02 billion, this is the largest financing in the solar sector in Europe. F2i has become the third largest photovoltaic producer in Europe due to its overall scale in production.

The Ashurst team was led by partner Carloandrea Meacci, supported by associates Nicola Toscano and Paolo Gallarà, and counsel Fabio Balza.