WHAT'S NEW
Fondo Italiano d’Investimento enters agreement to acquire a minority stake in RINA S.p.A. The deal is expected to be completed in this autumn and will involve
Davide Bertone, CEO of Fondo Italiano d’Investimento, said:
an injection of up to 180 million euros in capital in the form of equity.
“Today, we announce the first closing and, at the same time,
After the deal’s completion, the ownership structure will see Registro
the first investment of the second edition of FICC, our flagship
Italiano Navale maintaining the majority stake, Fondo Italiano
fund dedicated to promoting the development of national and
d’Investimento and other coinvestors holding a minority stake of up
global champions in strategic sectors of the Made in Italy.
to 33%, and the company’s management participating with a 2.5%
RINA represents Italian excellence, with a global presence, and
stake. The capital injected by Fondo Italiano into the multinational
leadership, as well as significant ambitions for further growth and
based in Genoa, RINA S.p.A., is aimed at providing additional
innovation not only in the shipping sector but also in the energy
support for the company’s growth, both organically and inorganically,
transition and infrastructure sectors. I am extremely pleased with
as well as its international expansion. RINA S.p.A. has diversified
the partnership we are entering into today and the trust given to
significantly worldwide over the last twenty years, establishing
us by Registro Italiano Navale and Engineer Ugo Salerno, with
itself as a brand in the fields of engineering consulting and Testing,
whom we are delighted to collaborate in building another phase of
Inspection & Certification (TIC). In 2022, RINA S.p.A. reported
development.”
pro-forma revenues of over 700 million euros, and it is on track to
To facilitate this agreement, RINA S.p.A. was advised by Lazard
achieve growth objectives of nearly 800 million euros in 2023.
as the financial advisor, Banca Akros as the co-financial advisor,
The Chairman and CEO of RINA S.p.A., Ugo Salerno, commented:
and PwC for Financial Due Diligence and Studio Legale Gattai,
“We have found the most suitable partner in Fondo Italiano
Minoli, Partners as legal advisor. On the other hand, Fondo Italiano
d’Investimento to share our growth path and the realization of
d’Investimento was supported by BCG for business due diligence,
ambitious goals we have worldwide. It is a high-level institutional
Legance for legal due diligence, New Deal Advisors for financial
partner, Italian like us, with whom we will embark on a new phase
due diligence, KPMG for tax due diligence, ERM for ESG due
for RINA and who will allow us to fully implement our strategic plan.
diligence, Marsh for insurance due diligence, and E&Y Parthenon
Based on ESG principles, we will continue to expand our digital
for tech due diligence. The completion of the transaction is subject
services and processes in favour of ecological transition: a journey
to customary conditions, including regulatory approvals.
that involves significant investments, made possible also thanks to the commitment of Fondo Italiano d’Investimento.”
www.rina.org
The DÖRKEN days event was held once again in China after a three-year stop The international company DÖRKEN, which is specialised in high-
developed coating equipment. In addition, Walther Pilot has also
quality surface protection, has held once again its DÖRKEN Days
introduced a spray gun that solves the paint point of precise
event after a stop that lasted three years. The company delivered
coating in application.
the latest updates about the PFAS European policy trends and
Furthermore, a social dinner promoted knowledge exchange and
showcased its new solutions.
network opportunities in a relaxed and entertaining atmosphere
The event was intended to connect the upstream and downstream
that allowed participants to obtain comprehensive industry
parts of the industry, providing opportunities for cooperation and
information and communicate face-to-face with customers
negotiation for the integrated supply chains of the main original
throughout the entire supply chain.
equipment manufacturers, parts producers and coaters. It has
Finally, participants visited the Shanghai Automobile Museum was
been opened by the General Manager of the company along
visited, in which cars older than a century as well as more modern
with the leader of the China Surface Treatment Engineering
models are displayed. After that, they had the opportunity to
Association, who held a presentation that analysed the current
compete in the “DÖRKEN Karting Race” on a 1.2 kilometres long
surface treatment tendencies.
outdoor track.
During the event, the Xpeng fastener responsible Ping Lu confirmed the importance of automotive corrosion protection, while the GM of Victory Haiqing Shen introduced their newly-
www.doerken.com
OCTOBER 2023 | CORROSION PROTECTION
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