CIC, Investindustrial, and UniCredit launched the China-Italy Industrial Cooperation Fund05-10-2020
CIC, Investindustrial, and UniCredit are pleased to announce the launch of China-Italy Industrial Cooperation Fund (CIICF).
As a cross-border M&A fund, CIICF will seek to invest in Italian and Southern European companies aspiring to open new pathways for growth in China, mainly in attractive sectors including advanced manufacturing, business services, consumer goods and services, healthcare, etc.
Bringing the recognized expertise, experience and networks of the three parties into synergy, this unique partnership is expected to create value by enabling investee companies to expedite business growth internationally, especially in China.
CIICF has completed the first close with EUR 600 million, underwritten entirely by CIC, Investindustrial, and UniCredit. Additional capital may be also raised from third parties.