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CLARA MOSCHINI

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Fondo Agroalimentare Italiano holds €M 55 final close

Sponsored by Unigrains, the Fund accompanies the development of Italian agri-food SMEs

Fondo Agroalimentare Italiano held its final close with commitments of €M 55. Sponsored by French based holding Unigrains, the Fund’s subscribers include French, Italian and Swiss institutional investors and family offices as well as several Italian entrepreneurs. FAI invests in minority stakes either in growth capital transactions or in buyout transactions as a sector specialist, in the capital of Italian agri-food SMEs with sales generally between €M 10 and €M 150. 

Managed by a team of 3 investment professionals based in Milan and with recognized experience in the sector, FAI intervenes as a privileged partner alongside entrepreneurs, supporting them in their growth projects. The Fund also benefits for the sector expertise, international network and resources of Unigrains, an independent investor dedicated to the agri-food sector for more than 56 years, having supported more than 1000 companies and with roughly 120 participations currently in its portfolio, managing over 1 billion euros.

FAI has already mobilized more than €M 33, completing 6 principal investments: Trasporti Romagna (regional transporter and logistician dedicated to the agri-food sector); Sfoglia Torino (savory snacking); Agrimola (chestnuts and processed fruits); Sinfo One (IT solutions, notably for the agri-food industry); Bassini 1963 – Glaxi Pane (frozen traditional bread products); Industrial Pack (packaging for the luxury and agri-food sectors).

The Fund is expected to complete 3 to 4 additional principal investments and several opportunities are currently under review. In addition, it will continue to support the development of its portfolio companies by financing external growth operations as have already been completed.

Francesco Orazi, Director of Fondo Agroalimentare Italiano, declared: “We are grateful to our investors and our sponsor, Unigrains, for their trust and support. Since its constitution in 2018, FAI has established itself as a true partner for agri-food entrepreneurs and their growth projects. The six investments already completed perfectly demonstrate the pertinence of our approach focused on consolidation and strengthening Italian SMEs to create national and international leaders”.

Jean-François Laurain, CEO of Unigrains, declared: “By bringing together an active and recognized investment team, local and international investors and the sector expertise of Unigrains, FAI is ideally positioned to provide strategic and financial know-how to Italian agri-food SMEs. I am confident in the development prospects of the six companies already in portfolio and in the quality of the opportunities currently under review by the team".

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