FII launches €400m minority investing fund

This is the second fund dedicated to minority stakes that FII has raised, following FII Uno, which closed in 2017 on €390m and invested in 34 companies.

FII currently manages nine investment funds, with total assets under management in excess of €3bn.

Its array of vehicles includes FII Tech Growth, which acquires majority and minority stakes in small and medium-sized Italian companies operating in the technology, media and telecommunications sectors that have a turnover of €5-70m, and deploys equity tickets in the €5-20m range.

FII also manages FII Tech Growth Lazio, which invests equity tickets of €3-10m in tech companies based in the Lazio region with high-growth potential and able to pursue an internationalisation strategy.

In addition, the GP is deploying Fondo Innovazione e Sviluppo, a €700m vehicle that targets Italian SMEs with revenues in excess of €70m and invests equity tickets in the €30-40m bracket.

FII is also a fund-of-funds manager and is currently investing two private equity funds-of-funds – FOF PE and FOF PE Italia – and two private debt fund-of-funds - FOF PD and FOF PD Italia.

In addition, the GP has raised two venture capital funds-of-funds, which are managed by CDP Venture.

Investors
The fund expects to raise capital from a wide LP base composed of Italian and international institutional investors. CDP Equity is the anchor investor in the fund.

Investments
FIMIC targets Italian companies with strong revenues, profitable EBITDA and ambitious expansion plans, with the aim of supporting their penetration into new markets and boosting their growth, both organically and via a buy-and-build strategy.

The fund acquires minority stake in businesses generating annual revenues in the €20-250m range. It plans to make co-investments with other private equity funds.

People
Fondo Italiano d'Investimento  – Andrea Montanino (president); Antonio Pace (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• Buyout
• Southern Europe
• Fondo Italiano di Investimento
• Italy
• Minority investing