Portfolio

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 31-12-2024

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Investee Companies

Data as of 31/12/2024

Investee Company Sector % part.
Autostrade per l'Italia Spa1 INFRASTRUCTURE 88.1
Ansaldo Energia Spa INDUSTRY 99.6
Fincantieri INDUSTRY 71.3
Saipem CONSTRUCTIONS 12.8
Open Fiber Spa2 COMMUNICATIONS & DIGITAL 60
NEXI Spa3 COMMUNICATIONS & DIGITAL 14.4
Webuild Spa7 CONSTRUCTIONS 16.4
Hotelturist Spa TOURISM 45.9
Euronext NV FINANCIAL INFRASTRUCTURES 8.0
Valvitalia Spa4 INDUSTRY 75
Trevi Finanziaria Industriale Spa4 CONSTRUCTIONS 21.3 
Kedrion Spa - Bio Products Laboratory Limited5 HEALTHCARE 6.6
Renovit ENERGY 30
Green IT ENERGY 49
Polo Strategico Nazionale Spa COMMUNICATIONS & DIGITAL 20
Maticmind Spa6 COMMUNICATIONS & DIGITAL 15.1
GPI Spa8 DIGITAL HEATHCARE 18.4

1Participation held through Holding Reti Autostradali, of which CDP Equity is the 51% shareholder
2 CDP Equity holds a 60% stake in the vehicle Open Fiber Holdings Spa which owns 100% of the share capital of Open Fiber Spa
3 Participation held through CDPE Investimenti (of which CDP Equity is the 77.1% shareholder) by 8.8% and further 5.6% held through CDP Equity
4 Participation held through CDPE Investimenti (of which CDP Equity is the 77.1% shareholder)
5CDP Equity holds a 6.6% stake in the vehicle Kedrion Holding Spa, which holds 100% of the share capital of Kedrion S.p.A., the parent company of the group of the same name active in derived pharmaceuticals, which expanded in 2022 with the transformational acquisition of Bio Products Laboratory Ltd
6CDP Equity holds a 15.1% stake in the vehicle Mozart HoldCo S.p.A., which in turn owns 100% of the share capital of Maticmind S.p.A.
7Despite holding a 16.4% stake in the share capital, CDP Equity exercises 21.28% of the total voting rights as a result of holding shares with enhanced voting rights
8Despite holding an 18.4% stake in the share capital, CDP Equity held 13.52% of the total voting rights as of 31/12/2024. However, effective from 08/01/2025, it holds 23.8% of the total voting rights, having accrued the right to exercise the increased vote

Investee AMCs

Data as of 31/12/2024

Investee Company Asset Class % part.
Fondo Italiano di Investimento SGR COMPANIES 55
CDP Venture Capital Sgr COMPANIES 70
F2i SGR INFRASTRUCTURE 14

 

 

Investments in funds

Data as of 31/12/2024

Funds managed by CDP VC SGR
FoF VenturItaly
FoF VenturItaly II
Fondo Acceleratori
Fondo Boost Innovation
Fondo Tech Transfer
Fondo Evoluzione
Fondo Corporate Partners I
Fondo Large Ventures
FoF International
Funds managed by FII SGR
Fondo di Fondi Private Debt Italia (“FoF PD Italia”)
FOF Impact Investing
Fondo Italiano Agri & Food (“FIAF”)
Fondo Italiano Tecnologia e Crescita II (“FITEC II”)
Fondo Italiano Consolidamento e Crescita II (“FICC II”)
Fondo Basket Eque
Fondo Italiano Private Equity Co-investimenti – FIPEC
Funds managed by F2i SGR
F2i – Fondo per le infrastrutture sostenibili
Funds managed by Marguerite
Marguerite III
Funds managed by CDP Real Asset SGR
FoF Infrastrutture

 

Advertising message. Products offered by Fondo Italiano d’Investimento, CDP Venture Capital, F2i e Marguerite. Further information available on fondoitaliano.it, cdpventurecapital.it, f2isgr.it, marguerite.com and cdp.it.