Successful transaction closed

Successful transaction closed: Targo Finance acted as exclusive financial advisor to the sellers of Sol Navitas in its successful sale to TSG Group, the European leader in technical services for responsible mobility solutions.

Targo Finance is proud to announce that it has acted as financial and transaction advisor to the sellers in the successful sale of 100% of the shares in Sol Navitas, a company specializing in the design, installation, and maintenance of solar power plants and energy storage systems.

We extend our congratulations to the acquirer, TSG Group, the European leader in technical services for responsible mobility solutions, and wish them continued success in the future. We would also like to sincerely thank the sellers for their trust, excellent cooperation and confidence in our team throughout the entire process. A special thank you goes to attorney Rok Jerovšek from the law firm Jerovšek Malis, who provided ongoing legal support to the sellers during the transaction.

At Targo Finance, the project was led by Marko Kašan together with his colleague Mateja Ahej, ensuring smooth execution and successful closing.

Once again, congratulations to both Sol Navitas and TSG Group on reaching this significant milestone.

The acquirer TSG Group:

TSG is the European leader in technical services for responsible mobility solutions. Over the past three years, the company has completed more than 40 acquisitions across 17 countries. Through these acquisitions, TSG continues to strengthen its capabilities in integrated electric infrastructure, with the ambition of becoming the reference provider for multi-energy solutions in Europe.

The acquired Sol Navitas:

Founded in 2008 in Celje, Slovenia, Sol Navitas has built more than 3.000 solar power plants in Slovenia, Croatia, Bosnia and Herzegovina, and Serbia, with a total capacity exceeding 60 megawatts. The company primarily serves commercial and industrial clients. In addition to photovoltaic systems, Sol Navitas also offers related solutions such as EV charging stations, battery storage, and solar carports.