Fondo Italiano prepares divestment of two assets

The GP has appointed Rothschild to oversee the sale of its 14% stake in Gruppo Megadyne, a producer of polyurethane and rubber belts, pulleys and other products. The vehicle made a €20m investment in exchange for the minority stake in September 2012.

Arioli is a textile machinery manufacturer. Fondo Italiano injected €4.5m in equity and €1.5m in convertible loans in December 2010, marking its first investment according to unquote" data. The GP reinvested in the firm in 2012 to support an acquisitive growth strategy. 

The state-supported investor has backed 35 companies since its launch in 2010, according to unquote" data. The GP has only divested one asset, selling its stake in Bergamo-based aerosol company Farmol in 2013 to the company's existing shareholders.

Fondo Italiano committed €11.5m to Farmol in 2012, committing to an equity investment and convertible loan. The exit is understood to have returned the same amount committed in 2012.

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• Fondo Italiano di Investimento