
Special Report: Italy

Ahead of next week's seventh annual Italia PE Congress, unquote" has provided a round-up of important news, key appointments and analysis from the region.
2012 has been an exciting year for the Italian private equity and venture capital markets. State-backed giants including the Fondo Italiano di Investimento and the Fondo Strategico Italiano have made their presence felt, shaping the landscape almost beyond recognition. Fondo Italiano has completed 24 direct investments to date and acted as an LP in many national funds. Earlier this year, the Fondo Strategico burst onto the scene with maiden investments totalling €650m.
Smaller players have also emerged as portagonists on the venture stage. Vertis Ventures and Principia have puppeteered the early steps towards a southern Italian venture scene, evening out the geographical spread of dealflow across the country. Monti and Passera have introduced measures to promote indigenous venture capital and boost startups, while new venture funds have launched and incubators opened.
Of course, macroeconomic challenges remain, but with the momentum from Monti's government growing from above and grassroots initiatives including Why Not Italy? injecting dynamism into the market from below, the recent flurry of activity looks set to continue.
Catch up on the important news, key appointments and analyses from the region
Join us in Milan next week for the unquote" private equity conference to discuss the issues shaping the industry.
State-backed funds boost market
Fondo Strategico prepares bid for Ansaldo Energia
Fondo Strategico makes maiden investments totalling €650m
Fondo Italiano to invest in venture capital funds
The State at play: Italian government jumpstarts a flat market
Buoyant buyouts
Permira sells Valentino to Qatari investors
AXA PE buys 70% of Bruni Glass
AXA PE buys Limacorporate stake
PE firms target national treasures
Pamplona increases stake in Unicredit Group to 5%
Clessidra makes offer for Telecom Italia
3i sells Esmalglass to Investcorp
Seat Pagine Gialle in €1.3bn debt-for-equity swap
Joining forces
Italian and Russian banks to launch joint venture
Italian GPs ask: Why Not Italy?
A dramatic uptick in Southern European activity
Fundraising continues despite euro woes
360 Capital holds first closing of venture fund
Star Capital holds first closing on €70m
SICI holds first closing of regional fund
Investindustrial nears €1.25bn hard cap
Avindia Capital launches energy fund
PE firms lose Fondiaria to Italian inner circle
PE tackles social issues
Could venture capital cure youth unemployment crisis in Southern Europe?
Private equity to take centre stage in Italy
Market sentiment
Survey results: where is the Italian market going?
Italian sentiment: fundraising, leverage largest challenges
People
EIF strengthens Italian ties with new chairman
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater