CIC Backs China-Italy Industrial Cooperation Fund with UniCredit and Investindustrial

Posted on 10/05/2020

Investindustrial is a European group of independently managed investment, holding and advisory companies with €11 billion of raised fund capital. Investindustrial, China Investment Corporation (CIC), and UniCredit, revealed the formation of a cross-border fund to invest in Italian middle-market companies called the China-Italy Industrial Cooperation Fund. This fund will target Italian middle market companies that have a view in accelerating their business development in China. China is looking to benefit from high-quality European goods and services in the areas of consumer, industrial manufacturing, and healthcare sectors.

China-Italy Industrial Cooperation Fund will have initial capital of is €600 million, fully underwritten by Investindustrial (through Investindustrial VII), CIC, and UniCredit. Investindustrial is the sole investment manager of the fund and will target commercial returns in line with its track record. China-Italy Industrial Cooperation Fund is also open to additional outside capital.

Investindustrial concentrates on companies that require globalization and have expansion potential. According to Investindustrial’s website, sovereign wealth funds make up 7% of its investor base, with pensions at 28%. In December 2015, Investindustrial finalized the acquistion of 100% of the share capital of Sergio Rossi, an Italian luxury shoe brand. Andrea C. Bonomi is the founder of Investindustrial, which he founded in 1990 as the private equity arm of BI-Invest, his family’s business.

Active in China since 1982, UniCredit has established presence in Beijing and Shanghai.

Keywords: Investindustrial Advisors Limited, UniCredit SA.

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