PRESS RELEASE
Milan, 5 July 2017.
FSI SGR launches a new fund – FSI Mid-Market Growth Equity Fund (“FSI” or the “Fund”) to invest in leading Italian corporates with growth, consolidation and step changing plans. The Fund has the objective to foster growth of the invested companies with a long-term investor approach.
First closlng commitments are over Euro 1 billion, with a Euro 2 billion hard-cap.
lnvestors include Cassa depositi e prestiti, as anchor inveinvestor, primary Sovereign Wealth Funds from the Middle East, Far East and Centrai Asia, European lnsurance companies and Banks, Bank Foundations and Asset Managers. The Fund ranks among the largest European country-focused investment funds, with 60% of the total first closing subscribers from outside of ltaly.
The Fund wiil invest in partnership with Entrepreneurs, Families and Managers to foster the growth of invested companies, facilitate succession plans and promote thelr listing on the Stock Exchange. The Fund will mainly pursue minority investments, with a cautious approach to leverage. The Fund will not invest in distressed companies, real estate, greenfield infrastructures, banks and insurance companies.
The FSI team comprises 23 professionals led by Maurizio Tamagnini – former CEO of Fondo Strategico Italiano – as Chief Executive Office, with Barnaba Ravanne as Chief tnvestment Officer and Marco Tugnoio as tnvestment Director. Claudio Costamagna, Chairman at Cassa depositi e prestiti, is the Chairman of FSI. The team also lncludes three Industriai Partners with prominent backgrounds earned in leading positions at iarge lnternationai corporates: Umberto della Sala (Foster Wheeler), Michele Norsa (Ferragamo), Eugenio Razelli (Magneti Mareili).
«FSI wants to be the “bridge” between Jong-term investors, including SWFs, and the Leading ltalan Corporates, providing growth capital in partnership with entrepreneurs» – says Maurizio Tamagnini – CEO of FSI.
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