Nov. 19 – The Italian Strategic Fund Spa (FSI), the holding company controlled by the Italian Cassa, and Qatar Holding LLC (QH), signed today an agreement to form a joint venture called ” IQ Made in Italy Venture “. With initial investment of € 300 million, the new company will have a capital of up to € 2 billion, to be paid jointly by FSI and QH during the first four years. The Venture will invest in Italian companies operating in certain sectors of Made in Italy production: food and food distribution, fashion and luxury, decor and design, tourism, lifestyle, and leisure – all areas that represent Italian excellence and make a major contribution to Italian exports. In addition, several of these sectors show significant potential for growth and international expansion. The IQ Made in Italy Venture invests in leading companies, creating value through various levers, including the consolidation and sectoral transformation through growth. Combining FSI’s local knowledge with the global reach and knowledge of the field of QH, the Italian-Qatari joint venture will be able to provide companies with a unique set of skills, increasing their growth processes. IQ Made in Italy Venture will be managed by FSI and QH through joint governance.
