White Summit Capital Acquires Majority Stake in Grastim for €300M

White Summit Capital (WSC), a specialised energy transition infrastructure manager headquartered in Zug, Switzerland, has signed an investment agreement with Graded Holding of the Grassi family to acquire a majority stake in Grastim, a leading Italian distributed energy infrastructure company. The transaction represents the latest investment of the WSC DIF-II Fund and marks its first platform investment in Italy.

Grastim has one of the longest track records in Italy in delivering integrated, asset-backed energy solutions to industrial clients. Led by Chief Executive Officer Gianfranco Milani and Chairman Vito Grassi, and supported by a team of approximately 50 industry specialists, the company designs, finances, builds, operates, and maintains distributed energy systems tailored to its clients’ industrial processes.

The investment will support a c.€300 million five-year capital expenditure plan focused on industrial decarbonisation and complementary biomethane projects. Italy’s distributed energy sector is experiencing strong momentum as industrial companies accelerate their decarbonisation strategies, creating attractive growth opportunities for Grastim.

Through its fully integrated, asset-backed model, Grastim offers industrial clients an off-balance-sheet, fully managed solution that delivers secure and efficient energy supply at competitive prices. The partnership with WSC provides the financial capacity and infrastructure expertise required to accelerate the deployment of new technologies and expand Grastim’s project pipeline.

Vito Grassi, Chairman of Grastim, commented that the partnership enables Grastim to work with an infrastructure investor with proven expertise in industrial decarbonisation, strengthening its position as a trusted long-term partner for clients. Pablo Pallás, Managing Partner at WSC, added that Grastim has demonstrated its ability to deliver high-quality integrated infrastructure solutions and is well positioned for its next phase of growth.

Over the next five years, WSC will support the execution of a pipeline of projects requiring approximately €300 million in investment, in line with the DIF-II Fund’s mandate to advance industrial decarbonisation through essential energy transition infrastructure.