Generali Investments Slovenia signed an agreement to transferring the management of Generali Growth Equity Fund to ALFI PE
(Ljubljana, 22nd November 2022) - Generali Investments Slovenia, which manages Generali Growth Equity Fund, a private equity fund (“the Fund”), and ALFI PE, upravljanje alternativnih investicijskih skladov, d.o.o., signed an agreement on the sale of Generali Investments stakes in the companies Generali Investments GP 1 d.o.o. and Generali Investments GP2 d.o.o., and on the sale of its equity shares in Generali Investments CP d.o.o. k.d.
The transaction will not change the Fund’s policy neither will have any impact on the Fund’s investors. The Generali Group remains the Fund’s second largest investor, after the European Investment Fund (EIF). To close the transaction, approvals of the relevant bodies of the Fund and regulatory authorisations must be obtained.
Generali Growth Equity Fund, a private equity fund, invests in small and medium-sized companies with strong growth potential, offering them support for growth financing, capacity expansion, sales network building and new product development as well as the acquisition of competitors and management of succession matters. Its investment portfolio consists of investee companies demonstrating a sustainability focus, a high level of development, keeping up with the latest trends and an extraordinary growth potential.
ALFI PE d.o.o. is a member of ALFI SKLADI, the largest group for alternative investment fund management in Slovenia, incorporating five different alternative funds with more than EUR 400 million of assets under management. ALFI PE d.o.o. also manages the largest private equity fund established in Slovenia, ALFI PE SIS k.d.
Generali Growth Equity Fund was founded in 2019 as part of the Slovene Equity Growth Investment Programme (SEGIP), which was launched upon the initiative of the SID Bank in cooperation with the EIF. It offers equity and quasi-equity financing to Slovenian SMEs and mid-cap companies. The SID Bank committed to contributing EUR 50 million of its own funds to this programme (without state guarantee), and the EIF has provided an additional EUR 50 million under the European Fund for Strategic Investments (with EFSI guarantee). By mobilising additional funding from other private investors through the SEGIP programme, overall investments for Slovenian companies exceeds EUR 150 million, which is 3-times the contribution of the SID Bank.