Press Releases

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.

The first closing of F2i’s Third Fund concluded with roughly €3.14 billion raised. This figure is expected to increase to €3.3 billion by early 2018, the maximum amount allowed under the rules of the Fund itself. The Third Fund, with a 12-year duration, inherited the assets of F2i’s First Fund through a merger. The merger allowed the Third Fund to begin its activities with a truly impressive infrastructure portfolio in the sectors of airports, natural gas networks, renewable energy and integrated water operators.

F2i SGR, on behalf of its Second Fund, has acquired from Bioenergie (60% controlled by the Faranda Group and 40% by the Equinox Fund) 100% of the capital of San Marco Bioenergie SpA. San Marco Bioenergie is active in the recovery of energy from the wood biomass generated by operations of forestry maintenance, the cleaning of riverbeds and the use of farming waste and urban greenery. The company owns a thermal power plant fuelled with solid biomass in the town of Bando d’Argenta (Province of Ferrara, Italy), a facility whose installed power capacity of 21 MW makes it one of the largest plants in operation in northern and central Italy. In 2016 the company’s revenue and gross operating margin were, respectively, about 30 million and 6 million euro.

F2i’s Board of Directors met today and appointed Massimiliano Cesare President of F2i replacing Leone Pattofatto, who resigned after taking over other functions and assignments. Massimiliano Cesare is a lawyer specialised in commercial law. He is currently President at Banca del Mezzogiorno. He also sits, inter alia, in Fincantieri’s board of directors.

F2i and Marguerite have reached an agreement for the purchase of 90% of the capital of KPNQWEST Italia (“KPNQWEST”) from the entrepreneur Marco Fiorentino. KPNQWEST supplies thousands of Italian firms with fibre optics connectivity, data centres and cloud computing services with very high reliability and performance. Those services are supplied by means of four proprietary data centres, located at the Caldera “Fibre Hub” in Milan, and a national broadband access network.