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Gas stations: Donnet fund wants TSG

HLD, the investment fund founded ten years ago by the CEO of Generali and two other shareholders, is negotiating the exclusive acquisition of the controlling stake of TSG Group, a leading group in Europe in the distribution of energy for mobility

Gas stations: Donnet fund wants TSG

Philippe Donnet, the French manager known worldwide as CEO of the Generali insurance group, is betting on new generation petrol stations. He makes it through HLD, the investment company founded in 2010 by himself together with two other partners, Jean-Philippe Hecketsweiler, Jean-Bernard Lafonta (the initials of the surnames of the three make up the acronym that gives the group its name), who communicated that he is in exclusive negotiation with the shareholders of TSG Group for the acquisition of a majority stake. TSG's core business is precisely that of solutions for the distribution of energy for mobility, an activity for which the French group is a leader in Europe, is present in 30 countries worldwide and boasts a turnover of 650 million euros , 10% of which generated in Italy (with six logistics-operating offices and 350 employees).

The entry of HLD, specialized in private equity and led in Italy by Alessandro Papetti (formerly Clessidra), into the capital of TSG has the objective of assisting the management and current shareholders in executing a development strategy which aims to position the company as a reference leader in the development of multi-energy infrastructures (electricity, natural gas, hydrogen and bio-fuels), now indispensable for a market as diversified as that of energy for mobility. The operation will have to be examined by the trade union representatives involved as per French legislation and by the competition and market authorities, but in the meantime Donnet is about to score another coup, which will enrich a portfolio, that of HLD, already rich and diverse.

To name a few of HLD's subsidiaries, there are Elivie, the third largest operator of home healthcare services in France (250 million turnover); Tessi, a company specializing in the outsourced management of document and payment flows, as well as back office and promotional marketing operations (half a billion in turnover); Kiloutou, fourth European player in the market for the rental of equipment for industry and construction, with a turnover of 750 million. The other managed realities, smaller, still range from digital to cosmetics, from energy to aeronautics and even the game of bridge: Donnet's group in fact owns FunBridge, the French leader in online bridge,

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