Thesis
Real assets, a long horizon, aligned capital.
Lares Energy’s objective is to offer a highly qualified service in investment development and strategy. We are not chasing deal count: we look for the few situations where our particular mix of capabilities produces a measurable advantage.
We are interested in investments with a tangible underlying and a cash flow that can be modelled honestly — whether that is a plant or a transaction platform. We prefer a return built on the quality of management to one that depends entirely on financial engineering or on the stability of a regulatory framework.
Process
The stages of our involvement.
Strategic options and feasibility
Identification of strategic options and a preliminary analysis of the overall feasibility of the transaction and its probability of success.
Target and counterparties
Identification of the target or of potential acquirers and selection of the best option, in Italy or abroad, consistent with the agreed strategy.
Contractual structure
Organisation of the contractual structure and support throughout the negotiation between the parties.
External advisers
Selection of external advisers and precise definition of their role and scope.
Due diligence
Running the due diligence process across every dimension: technical, legal, tax and regulatory.
Financing agreement
Securing the financing agreement and managing the relationships through to final approval, on the best terms obtainable.
Long-term management
Governance and management of the completed project for the whole life of the investment.
Sectors
Where our team has the capability to operate successfully.
Sectors we have worked in and where we continue to assess opportunities.
Payments infrastructure
Issuing, acceptance and the management of transaction flows: recurring revenue, regulatory barriers, fast-growing markets.
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Renewable energy
Solar PV, wind and mini-wind, biomass and biogas: development, financing and management of plants.
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Energy efficiency
Lighting and industrial refrigeration: interventions with a return you can read on the client’s bill.
Aviation & shipping
Capital-intensive mobile assets, where leasing and financial structure determine the outcome.
Criteria
What we look at before saying yes.
- A tangible underlying we can inspect and value.
- Cash flows that can be modelled without heroic assumptions.
- A clear permitting or regulatory framework and a solid counterparty.
- An active role for us: if we add nothing, it is not our transaction.
- A sensible exit, thought through before we go in.
Have a transaction to assess?
Describe the project. If it fits our criteria we will come back to you with a preliminary analysis.