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Press releases F2i 2018

  • December 21 2018

    F2i acquires 50% of EF Solare Italia from EGP and strengthens its position in the renewable energy sector in Italy

    Today, F2i SGR, on behalf of Third F2i Fund, has acquired 50% of EF Solare Italia SpA from Enel Green Power SpA, thus becoming its sole shareholder. Thanks to the operation, the installed capacity fully owned by F2i in the photovoltaic (PV) industry will grow to more than 800 MW and will help restructure the company’s portfolio in order to achieve the expected scale synergies.  F2i aims to further expand its managed portfolio, also by developing foreign business – commented the CEO Renato Ravanelli. F2i will strongly support and seize the opportunities offered by the expected technological developments in the sector.
  • November 29 2018

    F2i completes the take over of Gruppo Farmacrimi

    Farmacie Italiane, a company in which Terzo Fondo F2i has a 61.2% controlling stake, has completed the purchase from Mr. Vincenzo Crimi of 100% of the share capital of Gruppo Farmacrimi that owns 12 pharmacies and 14 parapharmacies situated mainly in the Metropolitan City of Rome, plus one company active in the wholesale distribution of pharmaceuticals.
  • November 8 2018

    F2i’s Third Fund achieves a €3.6 billion Final Closing exceeding its original target by more than 600 Million Euros with Italian and international investors contributing equally to the fundraising’s success

    Today marked the traditional F2i Investor Day, a periodic encounter between F2i management and portfolio companies, on the one hand, and shareholders of the asset management company, together with investors, on the other. During the event, F2i announced the recent final close of F2i’s Third Fund , that reached 3.6 billion euros, 600 million euros higher than the target set in December 2017, at the time of the launch of the Fund. This excellent result, and the short amount of time needed to complete the fund raise, was made possible by existing investors (F2i’s First and Second Funds had raised 1.8 billion and 1.25 billion euros, respectively), as well as a significant contribution from new investors. Subscribers to F2i’s Third Fund include pension funds, sovereign funds, bank foundations, insurance companies and asset managers, with Italian and international investors (from Europe, Asia and North America) contributing in equal measure to the success of the fundraising effort.
  • October 5 2018

    Public Tender Offer on EI Towers was successfully completed. The first Italian independent Broadcast and TLC Tower operator is now created

    With 97.4% of the shares tendered – according to the preliminary data communicated to Borsa Italiana – the public tender offer on EI Towers, launched on August 27th by F2i and Mediaset, ended with full success. F2i and Mediaset, at completion, will hold 60% and 40% of the shares respectively.
  • July 26 2018

    F2i acquires 334 MW of photovoltaic parks from Terra Firma to become, with over 800 MW of installed capacity, the third largest European producer in the sector

    Today F2i, acting on behalf of its Third Fund, signed an agreement with Terra Firma, a private equity fund operated under English law, for the purchase of RTR, a Company that owns 134 photovoltaic energy production sites in Italy, with an overall installed capacity of 334 MW. “Thanks to the overall scale of production reached with this acquisition, F2i becomes Europe's third largest producer of electrical power from solar energy. The noteworthy operating and financial efficiencies of scale achieved will also make it one of the continent's most efficient operators”, noted Renato Ravanelli, CEO of F2i.
  • July 16 2018

    2i Towers, a company indirectly controlled by F2i, has launched a voluntary public tender offer on the entire share capital of EI Towers

    2i Towers – a special purpose company fully owned by 2i Towers Holding, which is indirectly controlled by F2i, with an important minority stake held by Mediaset – has launched a Voluntary Public Tender Offer on the entire share capital of EI Towers S.p.A. EI Towers, a listed company, is the owner and manages the main Italian network for the transmission of the TV signal (over 2,300 towers), a network for the transmission of mobile telephone services (over 1,100 towers) and has a fiber optic backbone of over 6,000 km serving its infrastructure. The Offer, whose essential terms are detailed in the notice published in accordance with art. 102 of the Italian Consolidated Financial Act, available on the website, provides for a consideration equal to Euro 57.00 for each share, entailing a premium equal to 19.2% compared to the weighted average of the prices recorded during the six months preceding the announcement of the transaction.
  • June 28 2018

    F2i purchases the entire portfolio of vegetable biomass plants of the Enel Group, becoming the leader in the sector in Italy

    F2i SGR, acting on behalf of its Second Fund, has signed an agreement with two companies of the ENEL Group, ENEL Produzione and ENEL Green Power, calling for: the purchase of two plants for the production of electric energy from vegetable biomass, for combined power of 47 MW; the plants are located in the Italian regions of Calabria and Emilia-Romagna; the purchase, upon completion of the period of construction (scheduled for the end of 2018), of two more plants, for a combined electrical power of 48 MW; these plants are located in the Italian regions of Sardinia and Emilia-Romagna, and production activities are scheduled to begin by the end of 2018; the acquisition of a development project in the Italian region of Lombardy for a fifth plant, with electrical power of 12 MW; the operation is to be completed upon conclusion of the authorisation procedure, foreseen for 2019. With this initiative, F2i becomes one of Europe’s foremost operators in the production of electric energy from vegetable biomass, reinforcing its presence in the renewable energy sector, where it already plays a leading role in wind and solar energy.
  • June 6 2018

    IRIDEOS continues to consolidate the cloud and datacenter market in Italy: acquisition of Enter srl

    IRIDEOS, the new Italian ICT provider for Businesses and Public Administration, has acquired Enter srl, an Italian provider operating since 1996 in the telecommunication and datacenter market. Enter brings two additional datacenters located in the technological hub of via Caldera, in Milan, further strengthening the position of IRIDEOS at the heart of the Italian Internet; an innovative cloud platform based on Openstack, an open source protocol; an international network with presence in the main PoPs in Madrid, Paris, Frankfurt, Amsterdam, Brussels, London, Stockholm, New York and Hong Kong.
  • April 26 2018

    Enel Green Power and F2i sign refinancing agreement for growth of EF Solare Italia

    Enel Green Power and the F2i infrastructure fund, partners in the Gruppo EF Solare Italia ("EF") equal joint venture, the leading photovoltaic operator in Italy, today announced the signing of an agreement to refinance EF’s debt with a pool of credit institutions. The transaction, the most important ever carried out in the photovoltaics sector in Italy, involves five leading financial institutions: Banca IMI (Intesa San Paolo Group), BNP Paribas Italian Branch, Credit Agricole Corporate & Investment Bank – Milan Branch, ING Bank NV – Milan Branch, Unicredit which, together with the participation of Cassa Depositi e Prestiti, will provide a total of 1.02 billion euros of new debt in the form of a non-recourse project financing arrangement. The refinancing, which consolidates EF’s growth over the past few years, enables EF Solare Italia, acting through EF Kosmos a wholly owned subsidiary that controls all the companies owning the plants involved in the transaction to optimise the terms and conditions of the credit lines, to rationalise its corporate structure and to support the future growth of the Group.
  • March 27 2018

    F2i achieves further growth in the photovoltaic sector through the acquisition of six new plants with total overall power of approximately 51.5 MW

    F2i SGR, operating through the company F2i Energie Rinnovabili Srl, has purchased from 3 New Srl, 100% controlled by an infrastructure fund owned by Ardian, a world-leading private investment house, five enterprises active in the sector of renewable energies and owners of six different photovoltaic plants located in the Italian regions of Emilia Romagna, Apulia and Sicily, for an overall installed power of 51.5MW. These plants may subsequently be conferred to EF Solare Italia SpA, a joint venture undertaken in partnership with the Enel Group and Italy’s leading operator in the photovoltaic sector in terms of installed power (at 400 MW). F2i was assisted by Lazard (financial adviser), Orrick (legal affairs), EFSI/Moroni (technical expertise), PWC (accounting), Studio Torresi (taxes), Willis Tower Watson (insurance) and AON (W&I insurance). The operation was financed by the Banca Imi bank.