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  5. PIF Invests In Rocco Forte Hotels

Investment Summary

PIF Invests In Rocco Forte Hotels

On December 4, 2023, PIF invested in leisure company Rocco Forte Hotels from CDP Equity

Investment Highlights
  • This is PIF’s 1st transaction in the Leisure sector.
  • This is PIF’s 1st transaction in the United Kingdom.

Investment Summary
Date 2023-12-04
Target Rocco Forte Hotels
Sector Leisure
Investor(s) PIF
Sellers(s) CDP Equity
Deal Type Stake Purchase

Target

Rocco Forte Hotels

London, United Kingdom
Rocco Forte Hotels is an international group of 10 high-end hotels and a luxury resort. The hotels are all located in some of the most visited cities in Italy, Germany, Belgium, and Russia. Rocco Forte Hotels was founded in 1996 and is based in London, United Kingdom.

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Investor(S) 1

Investor

PIF

Riyadh, Saudi Arabia
Category Company
Founded 1971
Sector Financial Services
DESCRIPTION

PIF is the sovereign wealth fund of Saudi Arabia. The Fund has contributed to the establishment of numerous Saudi Arabian companies, supporting innovation, diversification and non-oil sector development in the Kingdom. PIF was founded in 1971 and is based in Riyadh, Saudi Arabia.

DEAL STATS #
Overall 2 of 2
Sector (Leisure) 1 of 1
Type (Stake Purchase) 1 of 1
Country (United Kingdom) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 B.TECH

Cairo, Egypt

B.TECH is an integrated omnichannel retailing and consumer finance platform in Egypt, selling consumer electronics and household appliances. In addition, the company provides unique financing solutions for its customers, led by the "MiniCash" service that has significantly contributed to its number one position in the market and unrivalled popularity among Egyptians. B.TECH was founded in 1997 and is based in Cairo, Egypt.

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Seller(S) 1

SELLER

CDP Equity

Milan, Italy
Category Private Equity Firm
Founded 2011
PE ASSETS 3.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

CDP Equity is an Italian holding company and investment firm focused on acquiring stakes in large Italian companies. Sectors of interest include defense, food, insurance, communications, energy, infrastructure, public services, security, transportation, and leisure. CDP Equity is based in Milan.

DEAL STATS #
Overall 4 of 4
Sector (Leisure) 1 of 1
Type (Stake Purchase) 1 of 1
Country (United Kingdom) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-31 Fincantieri

Trieste, Italy

Fincantieri, heir to the great tradition of Italian shipbuilding and one of the shipbuilding groups in the world, operates in the design and construction of complex ships with high technological content such as merchant and naval vessels, offshore and mega yachts. Fincantieri was founded in 1959 and is based in Trieste, Italy.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-23 Diagram

Jolanda di Savoia, Italy

Diagram is an Agri-tech company that offers precision farming services, technological solutions, and professional software applications for the agricultural sector including farmers, food processing companies, banks, insurance companies, and public sector entities. Diagram was formed in 2024 and is headquartered in Jolanda di Savoia (FE) Italy.

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Mergr

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