Ardian increases stake in Italian hospital concession

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Ardian increases stake in Italian hospital concession

Ardian, the independent private investment company, has announced the acquisition from Techint of the remaining stake (20%) in HISI. This makes Ardian the sole shareholder in this company.

The transaction has been completed by Ardian via its Infrastructure funds which first invested in Italy in 2007. Ardian has interests in various sectors in the country, including airports (with a 49% stake in 2i Aeroporti), gas distribution networks (27.9% stake in 2i Rete Gas), as well as hospital concessions and renewable energy.

By acquiring the remaining shares in HISI (Holding di Investimenti in Sanità e Infrastrutture), Ardian also becomes the main shareholder (with a 75% stake) in Genesi Uno Spa. Genesi Uno was founded in 2005 with a 28-year contract to finance, design, build and manage non-core services for Legano hospital, which opened in 2010.

HISI was set up as a joint venture in 2007 by Ardian (40%), Unicredit (40%) and Techint (20%), in order to acquire a 65% stake in Genesi Uno.

As we reported in 2013, Ardian signed an agreement to acquire through its infrastructure funds, Unicredit's 40% stake in HISI.

Stefano Mion, Managing Director at Ardian Infrastructure, commented:

“This transaction perfectly illustrates the strategy Ardian has consistently pursued in Italy since 2007. We have built solid, long-term relationships with important industrial groups to invest together, as well as investing in strategic sectors that require strong commitment, foresight and focused expertise. Ardian’s status as sole shareholder is a confirmation of our desire to continue investing in a country with great further potential in many different sectors.”

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