CVC strikes deal for 50% of energy firm Gridspertise

• Gridspertise provides hardware, software and services to electricity infrastructure operators with an aim to help them move from traditional electricity distribution grids into smart grids
• The company has a footprint in Italy, Spain, Brazil and elsewhere in Latin America
• CVC’s investment is planned to support the expansion of Gridspertise’s go-to-market capabilities and diversify its geographical footprint

CVC announced it has signed an agreement to acquire 50 percent of Gridspertise from Enel Group. The company, headquartered in Rome, is an energy transition enabler that provides hardware, software and services to electricity infrastructure operators with an aim to help them transition from traditional electricity distribution grids into smart grids.

The company is owned by Enel Group through Enel Grids, a private electricity distribution operator also based in Rome.

Gridspertise has a geographical footprint in Italy, Spain, Brazil and elsewhere in Latin America. The investment from CVC is aimed to help the company expand its go-to-market capabilities and diversify its geographical footprint.

The deal is expected to close in Q4 2022.

Luxembourg-based CVC is a global alternative investment manager that invests across private equity, secondaries and credit. Its private equity platform manages €89 billion of assets and employs four strategies: Europe/Americas, Asia, strategic opportunities and growth.