{"id":83,"date":"2015-12-24T11:19:20","date_gmt":"2015-12-24T11:19:20","guid":{"rendered":"http:\/\/blogs.isb.edu\/centre-for-family-enterprise\/?p=83"},"modified":"2025-12-31T09:45:00","modified_gmt":"2025-12-31T09:45:00","slug":"italian-state-lender-to-set-up-equity-fund-for-family-businesses","status":"publish","type":"post","link":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/24\/italian-state-lender-to-set-up-equity-fund-for-family-businesses\/","title":{"rendered":"Italian State Lender to set up Equity Fund for Family Businesses"},"content":{"rendered":"<p>State-owned Italian bank Cassa Depositi e Prestiti (CDP) is to set up a private equity fund to help family businesses go public, and thereby help boost the country\u2019s economy. The bank intends to buy minority stakes in promising companies that are seeking to build up scale. This move could help double the number of companies on the Milan stock exchange. CDP will act as an anchor investor and also invite foreign investors and sovereign wealth funds to buy shares in the companies.<\/p>\n<p>Italy is the home to 750,000 family businesses that make up 90% of the private sector. Car manufacturer Fiat, founded by the Agnelli family is one of the most successful, with revenues reaching \u20ac96 billion in 2014. However, since the global financial crisis, in which Italy suffered a long recession, many large family firms have been taken over by foreign competitors. In July, Germany\u2019s HeidelbergCement AG bought the Pesenti family\u2019s 45% stake in Italcementi for \u20ac1.67 billion. In 2014 the Merloni family sold its 60% stake in their manufacturing company Indesit to US rival Whirlpool for \u20ac758 million.<\/p>\n<p>Thus there is no doubt that family firms in the region need help, but the success of this initiative depends on the attitude of the local family firms towards public listing. Family firms are generally reluctant to go public to defend their socioemotional wealth, i.e. the identity, legacy and relationships that are wrapped up in the family business.<\/p>\n<p><i>Source:\u00a0http:\/\/www.campdenfb.com\/article\/italian-state-lender-set-equity-fund-family-businesses\u00a0<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Italian bank Cassa Depositi e Prestiti (CDP) is to set up a private equity fund to help family businesses go public, and thereby help boost the country\u2019s economy. The bank intends to buy minority stakes in promising companies that are seeking to build up scale. This move could help double the number of companies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Italian State Lender to set up Equity Fund for Family Businesses - Thomas Schmidheiny Centre for Family Enterprise<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/24\/italian-state-lender-to-set-up-equity-fund-for-family-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Italian State Lender to set up Equity Fund for Family Businesses - Thomas Schmidheiny Centre for Family Enterprise\" \/>\n<meta property=\"og:description\" content=\"State-owned Italian bank Cassa Depositi e Prestiti (CDP) is to set up a private equity fund to help family businesses go public, and thereby help boost the country\u2019s economy. The bank intends to buy minority stakes in promising companies that are seeking to build up scale. This move could help double the number of companies [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/24\/italian-state-lender-to-set-up-equity-fund-for-family-businesses\/\" \/>\n<meta property=\"og:site_name\" content=\"Thomas Schmidheiny Centre for Family Enterprise\" \/>\n<meta property=\"article:published_time\" content=\"2015-12-24T11:19:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-31T09:45:00+00:00\" \/>\n<meta name=\"author\" content=\"Editorial team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editorial team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/24\/italian-state-lender-to-set-up-equity-fund-for-family-businesses\/\",\"url\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/24\/italian-state-lender-to-set-up-equity-fund-for-family-businesses\/\",\"name\":\"Italian State Lender to set up Equity Fund for Family Businesses - Thomas Schmidheiny Centre for Family Enterprise\",\"isPartOf\":{\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#website\"},\"datePublished\":\"2015-12-24T11:19:20+00:00\",\"dateModified\":\"2025-12-31T09:45:00+00:00\",\"author\":{\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#\/schema\/person\/36b0b1fce0228ee6b0380926861571cc\"},\"breadcrumb\":{\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/24\/italian-state-lender-to-set-up-equity-fund-for-family-businesses\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/24\/italian-state-lender-to-set-up-equity-fund-for-family-businesses\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/24\/italian-state-lender-to-set-up-equity-fund-for-family-businesses\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Italian State Lender to set up Equity Fund for Family Businesses\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#website\",\"url\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/\",\"name\":\"Thomas Schmidheiny Centre for Family Enterprise\",\"description\":\"Creating value for families and businesses through research and innovation\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#\/schema\/person\/36b0b1fce0228ee6b0380926861571cc\",\"name\":\"Editorial team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/20fb226145337a9ce5d93494a13b2d55?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/20fb226145337a9ce5d93494a13b2d55?s=96&d=mm&r=g\",\"caption\":\"Editorial team\"},\"sameAs\":[\"https:\/\/blogs.isb.edu\"],\"url\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/author\/isb_blog_user_admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Italian State Lender to set up Equity Fund for Family Businesses - Thomas Schmidheiny Centre for Family Enterprise","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/24\/italian-state-lender-to-set-up-equity-fund-for-family-businesses\/","og_locale":"en_US","og_type":"article","og_title":"Italian State Lender to set up Equity Fund for Family Businesses - Thomas Schmidheiny Centre for Family Enterprise","og_description":"State-owned Italian bank Cassa Depositi e Prestiti (CDP) is to set up a private equity fund to help family businesses go public, and thereby help boost the country\u2019s economy. The bank intends to buy minority stakes in promising companies that are seeking to build up scale. This move could help double the number of companies [&hellip;]","og_url":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/24\/italian-state-lender-to-set-up-equity-fund-for-family-businesses\/","og_site_name":"Thomas Schmidheiny Centre for Family Enterprise","article_published_time":"2015-12-24T11:19:20+00:00","article_modified_time":"2025-12-31T09:45:00+00:00","author":"Editorial team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Editorial team","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/24\/italian-state-lender-to-set-up-equity-fund-for-family-businesses\/","url":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/24\/italian-state-lender-to-set-up-equity-fund-for-family-businesses\/","name":"Italian State Lender to set up Equity Fund for Family Businesses - Thomas Schmidheiny Centre for Family Enterprise","isPartOf":{"@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#website"},"datePublished":"2015-12-24T11:19:20+00:00","dateModified":"2025-12-31T09:45:00+00:00","author":{"@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#\/schema\/person\/36b0b1fce0228ee6b0380926861571cc"},"breadcrumb":{"@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/24\/italian-state-lender-to-set-up-equity-fund-for-family-businesses\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/24\/italian-state-lender-to-set-up-equity-fund-for-family-businesses\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/24\/italian-state-lender-to-set-up-equity-fund-for-family-businesses\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/"},{"@type":"ListItem","position":2,"name":"Italian State Lender to set up Equity Fund for Family Businesses"}]},{"@type":"WebSite","@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#website","url":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/","name":"Thomas Schmidheiny Centre for Family Enterprise","description":"Creating value for families and businesses through research and innovation","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#\/schema\/person\/36b0b1fce0228ee6b0380926861571cc","name":"Editorial team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/20fb226145337a9ce5d93494a13b2d55?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/20fb226145337a9ce5d93494a13b2d55?s=96&d=mm&r=g","caption":"Editorial team"},"sameAs":["https:\/\/blogs.isb.edu"],"url":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/author\/isb_blog_user_admin\/"}]}},"_links":{"self":[{"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/posts\/83"}],"collection":[{"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/comments?post=83"}],"version-history":[{"count":1,"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/posts\/83\/revisions"}],"predecessor-version":[{"id":2219,"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/posts\/83\/revisions\/2219"}],"wp:attachment":[{"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/media?parent=83"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/categories?post=83"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/tags?post=83"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}