Ardian increases stake in Genesi Uno to 75%

Having held 80% of HISI, the GP bought the remaining 20% stake from Techint Group, an Argentinian-Italian corporate, to become sole shareholder of the business. HISI is the holding company of Genesi Uno, an Italian hospital services provider, in which the GP will retain a 75% stake following the transaction.

Previous funding
In October 2007, Ardian established HISI together with Unicredit and Techint. The GP and Unicredit retained a 40% stake each, while Techint acquired the remaining 20% stake. Ardian acquired its stake in the business through its Axa Infrastructure Fund II.

Ardian acquired Unicredit's stake in July 2013, increasing its overall shareholding to 80%.

Company
Headquartered in Legnano, HISI was founded by Ardian, Unicredit and Techint in 2007 with the aim to acquire a 65% stake in Genesi Uno.

Genesi Uno was founded in 2005 to design build and operate a 550-bed hospital in Legnano, Lombardy, called Nuovo Ospedale Civile di Legnano. Construction began in 2006 and took four years to complete. Nowadays, the company provides non-core services to the Italian hospital.

People
Ardian – Stefano Mion (managing director); Rosario Mazza (director); Leonarda Orani (investment manager).

Advisers
Equity – Ashurst (legal).

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• Topics
• Expansion
• Southern Europe
• Financials
• Support services
• Italy
• Ardian (formerly Axa PE)