Joint venture between IP Gruppo API and Macquarie Capital for the establishment of iPlanet

Mediobanca acted sole joint financial advisor for IP and Macquarie Capital for the establishment of Iplanet, leading player in the sustainable mobility in Italy.

On the 3rd of April, IP, Italy's leading private fuels and mobility player with a network of more than 4,500 stations, and Macquarie Capital announced the set-up of the 50-50 Joint Venture IPlanet for the electrification of service stations on urban and suburban roads.

  • IPlanet will initially consist of more than 500 IP service areas throughout Italy, where traditional fuel pumps will begin being transitioned into electric charging stations. The transformation of the full portfolio is expected to be completed by 2032.
  • IPlanet EV charging infrastructure will be composed by Fast+ (150kW) and Ultrafast (at least 300kW) technologies, enabling travelers to recharge in about 15 minutes and fostering the use of electric cars. The recharging experience will be supported by new traveler services in the catering, shopping and car care fields. In many IPlanet service areas, electricity is intended to be supplied by solar panels installed on site and managed by battery storage systems for an optimal use of the renewable source.
  • IPlanet will invest more than €200m in the next three years for the electrification of the first 300 stations; the business plan is supported by a pool of over 10 international and Italian banks.
  • The creation of IPlanet and the resulting electric recharging infrastructure development plan will facilitate a more sustainable mobility sector, in line with national and European guidelines.
  • Mediobanca played a key role in the transaction acting as sole joint financial advisor for IP and Macquarie Capital providing support in all the phases of the deal, including among others, the origination, structuring and execution.
  • Moreover, Mediobanca advised IP and Macquarie Capital throughout the entire financing process as debt advisor in one of the largest financing ever completed in Europe in the EV charging sector.

This landmark transaction in the European energy sector witnesses once again Mediobanca capabilities in the origination and execution of complex deals with a strong focus on Energy Transition.