The acquisition by Cassa Depositi e Prestiti (CDP) of a further 25% of the share capital of Fondo Italiano d'Investimento SGR was completed, thus bringing the stake in the capital of the asset management company dedicated to investments to 68%. of private equity and private debt. The sellers were Banca Monte dei Paschi di Siena and DEPObank, which sold 12,5% each, thus leaving the shareholding structure.
“The acquisition of the majority of FII SGR is in line with the strategy of the Business Plan and will allow CDP to offer a tool to support the system of small and medium-sized Italian enterprises to facilitate their innovation, technological growth and competitiveness even beyond national borders,” he said Pierpaolo DiStefano, Chief Investment Officer of CDP.
The new structure therefore sees the following subdivision of the shares: Cassa Depositi e Prestiti SpA 68%; Intesa San Paolo SpA 12,5%; Unicredit SpA 12,5%; ABI – Italian Banking Association 3,5%; Confindustria 3,5%.
Currently Fondo Italiano d'Investimento SGR manages seven investment funds closed-end securities reserved for qualified investors, for a total of target assets under management of approximately 2,3 billion euro. The funds have involved, directly or indirectly, more than 430 companies which together have a turnover of approximately 21 billion euros and have over 100 employees.
Five are funds of funds, of which two dedicated to the private equity sector, two to venture capital and one reserved to private debt, with the aim of subscribing funds whose investment strategies are aimed at the development of SMEs and the Italian private capital market.
Two are direct investment funds: the first, Innovation and Development, with a target size of 500 million Euros, has the objective of strengthening the competitiveness of small and medium-sized Italian enterprises operating in supply chains of excellence, promoting processes of aggregation, consolidation and vertical integration; the second, FII Tech Growth, with a target size of 150 million Euros, is aimed at acquiring stakes in the capital of Italian SMEs with a high technological content, with the aim of supporting growth, innovation and internationalization processes.
