Portfolio

Portfolio

CDP Equity

Objectives

CDP Equity’s operations aim to strengthen fundamental industrial assets for the country. The focus is aimed at strategic sectors for the country and key technologies for its development. CDP Equity operates mainly through two instruments. The first is private equity, with which it provides patient capital to accompany dimensional growth and technological development, and encourage the recovery of strategic companies during times of financial stress, also by giving them stable governance. The second is venture capital to support start-ups and innovative companies for their entire life cycle.​


Portfolio

CDP Equity supports the private Italian market with additional or complementary resources. It acts preferably as a minority shareholder, with an appropriate representation on boards of directors. Its portfolio comprises direct investments in listed and unlisted companies and indirect investments by means of investee asset management companies.

Equity investments and funds

as at 30-06-2022

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Investee Companies
Investee Company Category Investment size
(euro millions)
% part.
Autostrade per l'Italia Spa1 INFRASTRUCTURE 4,202 88.1
Ansaldo Energia Spa INDUSTRY 1,141 87.6
Open Fiber Holdings Spa COMMUNICATIONS & DIGITAL 1,633 60
NEXI Spa2 COMMUNICATIONS & DIGITAL 919 13.6
Webuild Spa CONSTRUCTIONS 250 16.7
B.F. SpA AGRI-FOOD 28 6
Hotelturist Spa TOURISM 30 45.9
Euronext NV FINANCIAL INFRASTRUCTURES 625 7.3
Inalca Spa3 AGRI-FOOD 165 28.4
Valvitalia Finanziaria Spa INDUSTRY 156 50
Trevi Finanziaria Industriale Spa CONSTRUCTIONS 139 25.7
Kedrion Spa HEALTHCARE 117 25.1
Rocco Forte Hotels Limited TOURISM 82 23
Renovit ENERGY 32 30
Green IT ENERGY 67 49

1The investment is held through Holding Reti Autostradali, which is 51% owned
25.3% of the investment is held directly and 8.3% through CDPE Investimenti​
3The investment is held through IQ MIIC which is 50% owned

 

Investee AMCs
Investee Company Category % part. Commitment CDP Equity
(euro millions)
Funds managed
Fondo Italiano di Investimento SGR1 COMPANIES 55 250 10
CDP Venture Capital Sgr2 COMPANIES 70 890 14
F2i SGR INFRASTRUCTURE 14 100 3
FSI SGR COMPANIES 39   1
QuattroR SGR COMPANIES 40   1

1It does not include the FIMiC and FIAF funds, established but not yet operational
2It includes 3 co-investment funds and 1 fund in liquidation