Fondo Italiano d'Investimento SGR has acquired a majority stake in Corradi e Ghisolfi, an Italian company focused on the design, construction and maintenance of biogas and biomethane plants.
Corradi e Ghisolfi specialises in agricultural-powered plants and for patents and innovative solutions that service agricultural plants, aiming to maximise efficiency, yield and production.
The transaction, which is expected to be completed indicatively by the end of this year, is the first carried out by the Italian Agri & Food Fund (FIAF) - the sectoral fund dedicated to supporting the Italian agri-food supply chain.
The investment made by the FIAF fund aims to support Corradi and Ghisolfi in the pursuit of shared objectives, such as the strengthening of the company's managerial structure and the expansion of production capacity to support the strong growth of the reference market expected in the coming years, both in Italy and further afield.
The growth path will start from the enhancement of internal resources that have contributed to the achievement of the company's goals and provides for the inclusion of additional collaborators to support the challenges of the coming years.
Paolo Corradi, son of the founder Ettore, will remain at the helm of the company with the appointment of CEO and Chairman of the group, flanked by his sister Chiara Corradi who will join the Board of Directors. Ettore Corradi will be appointed Honorary Chairman of the company.
Pier Felice Murtas, senior partner of FIAF, said: "The history, experience and know-how of Corradi and Ghisolfi, as well as the undoubted skills demonstrated by the Corradi family in operating in this important sector, have immediately represented an element of strong attraction for the Fund.
"Starting today, we will work together with the Corradi family to seize every opportunity for growth, supported by current market trends, with particular regard to the biogas and biomethane sector, an area in which the company has long been one of the main Italian players.
"EU and national institutions are devoting more and more attention to the circular economy both from an environmental point of view and to promote progressive energy independence, and in this area we see a further boost to the growth of society".
Paolo Corradi, CEO and chairman of Corradi e Ghisolfi, said: "This is an important strategic decision, and a necessary step to address the commitments deriving from the impressive investment plan planned in the biomethane and sustainability sector.
"The strategy aims to promote the innovative services offered by our company in a more incisive way and to continue investments in research and development of new solutions.
"Fondo Italiano d'Investimento is the ideal partner, since, like us, it works in support of key sectors of the Italian economy, such as agriculture, the agri-food industry, renewable energy and sustainability."
Fondo Italiano d’Investimento acquires majority stake in biogas plant developer Corradi e Ghisolfi
