the financial groups Intesa Sanpaolo and VEI Capital become associates of RINA Spa



The financial groups Intesa Sanpaolo and VEI Capital will become shareholders of the Italian RINA Spa, parent company of the homonymous group - with a net of 163 offices in 57 nations and beyond 2.500 dependent - that supplies services of classification, certification, test, inspection, formation and consulting engineering in naval, energetic within, of the transports and infrastructures, the certification, the atmosphere and the innovation.

Intesa Sanpaolo, through the Direction Merchant Banking of the Division Corporate and Investment Banking, and VEI Capital, investment company of Palladium Financial institution in the segment Mid CAP of Private Equity, have in fact undersigned an agreement that previews an initial engagement of the two new associates total pairs to 25 million euros, to subscribe in equal parts, that it will be able to grow until eventual 100 million euros in reason of possible increases of capital to support of eventual acquisitions.

Intesa Sanpaolo, VEI Capital and RINA have explained that "the resources financial institutions and the competences brought from the new associates have the objective to support and to accelerate the process of increase and internationalization, started during the last few years from the society, in particular with the acquisition of Of Appolonia" and that "VEI Capital and Intesa Sanpaolo undertake this project of investment with the aim to carry the RINA to being one of key the world-wide players of the certification and consulting engineering in sight of a possible quotation in Stock exchange in the medium term".

"Intesa Sanpaolo, as associate financial - he has specified Marco Cerrina Feroni, responsible Direzione Merchant Banking di Intesa Sanpaolo - intends to support the society and to accelerate the completion of its process of evolution in action the operation represents, in fact, the opportunity to enter in the capital of an historical society of the Italian panorama, very very managed and with wide spaces of increase, to completion of a distance of deep strategic and managerial change".

"The operation - Sergio Ravagli has asserted, managing Palladium partner Financial institution - is framed in the within of the tradition of investments of "expansion Capital" in potential high companies of development as happened recently with the income in the capital of the group Row. The affiancamento of financial partners to solid and prepared management will allow with group RINA to pick new abroad opportunity of increase in Italy and".

"It is for us - it has declared the president and managing director of RINA Spa, Ugo Salerno - a great satisfaction that two prestigious financial groups which Intesa Sanpaolo and VEI Capital we have decided to invest on our company. Their income in ours vital offers to us ulterior and determining opportunities of development are in terms of increase are of acquisitions, in order to return the RINA in a position to competing with the greater international players".