Press Releases

Tomorrow, February 6th, the Project Finance International (PFI) Award for the “European Solar Deal of the Year” will be presented in London to F2i, Italy’s leading infrastructure fund, led by Renato Ravanelli. The operation for which the F2i team will receive the award during a gala dinner at the Park Lane Hilton is the acquisition – for 1.3 billion euro – of the solar company RTR, together with its 334 MW of operating plants, from the English fund Terra Firma.

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.

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.

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.

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.