Sir Rocco Forte’s Hotel Group Gets Investment from FSI
Fondo Strategico Italiano, the Italian Strategic Fund (FSI), is investing capital into Sir Rocco Forte’s empire, Rocco Forte Hotels. FSI Investimenti, a joint venture between the FSI and the Kuwait Investment Authority (KIA), and FSI are investing £60 million into the hotel group for a 23% stake in the company. FSI Investimenti is about 77% controlled by the FSI and 23% by the KIA.
The cash infusion will assist in paying down debt – Rocco Forte Hotels has £105 million of net debt.
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