One private equity fund focusing on each significant industrial chain in Italy. This is what Roland Berger‘s ceo in Italy, Roberto Crapelli, is working at now. Some details of the project were revealed by Crapelli itself last Saturday to MF-Milano Finanza.
The project will be promoted by international financial institutions and will involve local institutions. Two industrial chains have been already identified and work is already well ahead. “The idea is creating for international investors clients an investment veichle which might attract other international investors interested in supporting the development of a whole industrial chain in Italy”, Crapelli said, stressing that “this is much more of interest for big money that investing in small and medium enterprises as it means investing in the whole value chain and in turn will make more competitive companies at top of the different chains helping the recovery of the whole economy in Italy”.
Examples of target chains, might be the ones made by suppliers to big corporates such as Enel, Finmeccanica, Telecom Italia, Ferrovie dello Stato, Fincantieri, Poste Italiane as well as industrial chains that do not have a big corporate at the top such as in the automotive or in food&everage sectors
Such an investment vehicle might attract interest from Italian banks too and by Cassa Depositi e Prestiti (the Italian Government investment branch which controls in turn Fondo Strategico Italiano). France successfully succeeded in similar experiments in the last few years creating specialized investment funds for each industrial chain supported both by the Fonds Strategique d’Investissement (Fsi) and by big corporates at the top of each chain.