The Service of the Commission for the Protection of Competition has received notification of a concentration, pursuant to Section 10 of the Control of Concentrations between Enterprises Law of 2014, concerning the proposed acquisition by Fondo Italiano d’ Investimento SGR S.p.A. of part of the share capital of Rina S.p.A. via Superba One S.r.l..
Fondo Italiano d’ Investimento SGR S.p.A. (“FII”), is a public law limited liability company duly registered under the laws of Italy. FII is a management company established to support the development of Italian companies throughout their life cycle and to promote the development of Italian industries. The company is active in private equity investments, mainly in Italian small and medium-sized companies, with a focus on high technology and various segments of the agri-food chain industry. The company is indirectly controlled by Cassa depositi e prestiti S.p.A. (“CDP”).
CDP is a joint-stock company under public control, duly registered under the laws of Italy. The company is active, among others, in the financing of local and regional public bodies and initiatives promoted thereby, in the acquisition of investment holdings in companies of significant national interest, in the financing of projects, facilities, networks and equipment intended for the provision of public services and for the recovery of land.
Superba One S.r.l. (“Superba”) is a company duly registered under the laws of Italy which constitutes a special purpose vehicle. Superba has no commercial activity and is wholly owned by Fondo Italiano d’ Investimento SGR S.p.A..
The Target is Rina S.p.A., a public limited liability company duly registered under the laws of Italy. The Target is active in the provision of engineering consultancy, ship classification, certification as well as inspection and testing services through its subsidiaries.