Temasek takes 9% stake in Italian PE firm FSI
Singaporean state investment company Temasek Holdings has acquired a 9% minority interest in the management company of Italian private equity firm FSI, strengthening an existing relationship between the two investors that dates back to 2018, according to a report by Bloomberg.
Singaporean investment firm Temasek Holdings has purchased a 9% stake in the management company of Italian private equity firm FSI, as reported by Bloomberg. This move follows an ongoing investment relationship between the two entities, which began in 2018, according to the source. The exact monetary value of the investment has not been disclosed.
Temasek already holds an investment in FSI’s Scale-up Capital Solutions strategy, which targets smaller mid-market opportunities in Italy. FSI, based in Milan, focuses on investments in mid-sized Italian companies, with revenue ranging from €70m to €200m and earnings before interest, taxation, depreciation, and amortisation between €10m and €30m.
FSI’s existing strategies have raised approximately €1.4bn and €1.6bn collectively, as per information published by the firm. This partnership will enable FSI to leverage Temasek’s global network and sector expertise as the private equity company aims to support the growth of its portfolio companies beyond Italy.
Written by urgent.news from Private Equity Wire's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
