F2i is the Italian reality created to gather funds destined to infrastructures. Two funds are now operating in the Italian system, the First one created in 2007 and The Second one in 2012. Both of them have recorded a really good performance in closing 2014 fiscal year, as announced by CEO Renato Ravanelli during the boards meeting that took place on March 23rd.

F2i's company profile

F2i is the Italian Society for Savings Management, that is one of the largest funds dedicated to infrastructures worldwide. It has been created in 2007 by Vito Gamberale, an important Italian manager, who aimed to bring the Italian infrastructural system to an European level of efficiency. To do so, two huge funds have been established: the First Fund has its creation in 2007, the Second Fund in 2012. F2i mainly invests in infrastructures, transportation, electricity, water and gas, telecommunications and media, waste disposal, public services and social infrastructures. The First Fund has foreseen a duration of a 15 years period and has gathered a sum of 1,852million Euro, which is now totally assigned. It indeed has shares of control in important societies, such as 2i Rete Gas, Alerion Clean Power, HFV, Gesac, Infracis, Metroweb, Sagat and a considerable share in SEA. The Second Fund has been approved by the board of governors in 2012 and it aims to get a total amount of 1,200million Euro. There currently is a share of subscriptions amounting to 775million Euro, while investments in societies like 2i Rete Gas, SIA, SEA (second tranche) and TRM are already active. Both these Funds have been created as a point of reference for public and private infrastructure realities, helping in privatization processes and in creating a contact between local and international investors.

F2i's results in 2014

On March 23rd, a shareholder's meeting held in order to discuss the closing of 2014 fiscal year, to highlight the results and to nominee Bernardo Bini Smaghi as the new President of F2i. F2i's First Fund results have recorded a really positive turnover in 2014, gaining a total profit of 110.3million Euro, of which 104.4million Euro deriving from the participated companies, while the net capital gains amount to 19.5million Euro. The Second Fund achieved a good performance as well, recording a total profit of 9.9million Euro in the last fiscal year, of which 9.8million Euro deriving from the participated companies, adding an amount of 11.5million Euro of net capital gains. During this board meeting Renato Ravanelli, F2i's CEO, updated the stakeholders about society's recent business deals, which refer to new fields of investments, such as renewable energy sector. The Second Fund settled, indeed, the acquisition of 70% share of Eden, a company dealing with wind farms for a total capacity of around 600MW, as well as E.On Climate and Renewables Italia Solar Srl's entire asset, producing around 50MW of energy exploiting photovoltaic plants.

For more accurate information about F2i's activity and investment initiatives in the Italian infrastructural field of operations, please visit the official blog of the company.