Rocco Forte secures funding from Italian sovereign wealth fund

By | 13/11/2014

Rocco Forte Hotels has announced a strategic partnership with Fondo Strategico Italiano Spa, the Italian State-backed sovereign fund 80 per cent controlled by Cassa Depositi e Prestiti and 20 per cent by Bank of Italy. It has a paid-up share capital of €4.4 billion. FSI will inject £60 million into Rocco Forte and Family in exchange for an equity stake of 23 per cent, valuing the enlarged equity at £260 million.

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