{"id":1976,"date":"2017-11-03T11:58:59","date_gmt":"2017-11-03T10:58:59","guid":{"rendered":"https:\/\/www.fondofsi.it\/attivita\/"},"modified":"2018-06-14T15:36:14","modified_gmt":"2018-06-14T13:36:14","slug":"how-we-operate","status":"publish","type":"page","link":"https:\/\/www.fondofsi.it\/en\/how-we-operate\/","title":{"rendered":"How we operate"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row css=&#8221;.vc_custom_1510331618496{padding-bottom: 80px !important;}&#8221; el_class=&#8221;section-elenco-attivita&#8221;][vc_column][advice_heading tag=&#8221;h2&#8243; title=&#8221;FSI invests in the best Italian companies to:&#8221; css=&#8221;.vc_custom_1511513658144{padding-bottom: 40px !important;}&#8221;][vc_row_inner equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1512576063776{padding-bottom: 15px !important;}&#8221;][vc_column_inner width=&#8221;1\/12&#8243;][vc_single_image image=&#8221;2609&#8243; img_size=&#8221;28&#215;28&#8243; alignment=&#8221;center&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;11\/12&#8243;][advice_heading tag=&#8221;div&#8221; color=&#8221;custom&#8221; title=&#8221;SUPPORT GROWTH&#8221; font_size=&#8221;28px&#8221; custom_color=&#8221;#0077bc&#8221; line_height=&#8221;1&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1512576069831{padding-bottom: 15px !important;}&#8221;][vc_column_inner width=&#8221;1\/12&#8243;][vc_single_image image=&#8221;2609&#8243; img_size=&#8221;28&#215;28&#8243; alignment=&#8221;center&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;11\/12&#8243;][advice_heading tag=&#8221;div&#8221; color=&#8221;custom&#8221; title=&#8221;PROMOTE INTERNATIONALIZATION&#8221; font_size=&#8221;28px&#8221; custom_color=&#8221;#0077bc&#8221; line_height=&#8221;1&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1512576079271{padding-bottom: 15px !important;}&#8221;][vc_column_inner width=&#8221;1\/12&#8243;][vc_single_image image=&#8221;2609&#8243; img_size=&#8221;28&#215;28&#8243; alignment=&#8221;center&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;11\/12&#8243;][advice_heading tag=&#8221;div&#8221; color=&#8221;custom&#8221; title=&#8221;ENHANCE SECTOR CONSOLIDATION&#8221; font_size=&#8221;28px&#8221; custom_color=&#8221;#0077bc&#8221; line_height=&#8221;1&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1512576086751{padding-bottom: 15px !important;}&#8221;][vc_column_inner width=&#8221;1\/12&#8243;][vc_single_image image=&#8221;2609&#8243; img_size=&#8221;28&#215;28&#8243; alignment=&#8221;center&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;11\/12&#8243;][advice_heading tag=&#8221;div&#8221; color=&#8221;custom&#8221; title=&#8221;STABILIZE SHAREHOLDING BASE AND MANAGE SUCCESSION PLANS&#8221; font_size=&#8221;28px&#8221; custom_color=&#8221;#0077bc&#8221; line_height=&#8221;1&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1512576092159{padding-bottom: 15px !important;}&#8221;][vc_column_inner width=&#8221;1\/12&#8243;][vc_single_image image=&#8221;2609&#8243; img_size=&#8221;28&#215;28&#8243; alignment=&#8221;center&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;11\/12&#8243;][advice_heading tag=&#8221;div&#8221; color=&#8221;custom&#8221; title=&#8221;PROVIDE ACCESS TO CAPITAL MARKETS&#8221; font_size=&#8221;28px&#8221; custom_color=&#8221;#0077bc&#8221; line_height=&#8221;1&#8243;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; parallax=&#8221;content-moving&#8221; parallax_image=&#8221;2603&#8243; advice_bg_pos=&#8221;center&#8221; css=&#8221;.vc_custom_1528965848656{padding-top: 650px !important;}&#8221;][vc_column][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1511516518821{padding-bottom: 80px !important;}&#8221; el_class=&#8221;investment-strategy&#8221;][vc_column][advice_heading tag=&#8221;h2&#8243; title=&#8221;Investment strategy&#8221; css=&#8221;.vc_custom_1509707878773{padding-bottom: 40px !important;}&#8221;][advice_text_block font_size=&#8221;18px&#8221;]The FSI investment formula offers entrepreneurs and corporates the opportunity to achieve their growth potential and create value for their stakeholders[\/advice_text_block][vc_row_inner css=&#8221;.vc_custom_1509714993197{margin-top: 40px !important;}&#8221;][vc_column_inner width=&#8221;1\/4&#8243;][\/vc_column_inner][vc_column_inner el_class=&#8221;baloon&#8221; width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1511513858846{padding-bottom: 35px !important;background-color: #f1f1f1 !important;border-radius: 10px !important;}&#8221;][vc_single_image image=&#8221;1748&#8243; img_size=&#8221;40&#215;38&#8243; alignment=&#8221;center&#8221; css=&#8221;.vc_custom_1509714967943{margin-bottom: 0px !important;}&#8221;][advice_heading tag=&#8221;div&#8221; text_align=&#8221;center&#8221; font_weight=&#8221;700&#8243; color=&#8221;custom&#8221; title=&#8221;STRUCTURE&#8221; custom_color=&#8221;#0077bc&#8221; font_size=&#8221;24px&#8221;][advice_text_block]<\/p>\n<ul>\n<li>In partnership with entrepreneurs and institutions<\/li>\n<li>Capital structure flexibility and moderate recourse to leverage<\/li>\n<\/ul>\n<p>[\/advice_text_block][\/vc_column_inner][vc_column_inner width=&#8221;1\/4&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1509715900578{margin-top: 40px !important;margin-bottom: 40px !important;}&#8221;][vc_column_inner el_class=&#8221;baloon&#8221; width=&#8221;1\/3&#8243; css=&#8221;.vc_custom_1511861231405{padding-bottom: 35px !important;background-color: #f1f1f1 !important;border-radius: 10px !important;}&#8221;][vc_single_image image=&#8221;1746&#8243; img_size=&#8221;40&#215;39&#8243; alignment=&#8221;center&#8221; css=&#8221;.vc_custom_1509715676695{margin-bottom: 0px !important;}&#8221;][advice_heading tag=&#8221;div&#8221; text_align=&#8221;center&#8221; font_weight=&#8221;700&#8243; color=&#8221;custom&#8221; title=&#8221;VALUE CREATION&#8221; custom_color=&#8221;#0077bc&#8221; font_size=&#8221;24px&#8221;][advice_text_block]<\/p>\n<ul>\n<li>Portfolio companies growth<\/li>\n<li>Succession management and support<br \/>\nin transformational projects<\/li>\n<\/ul>\n<p>[\/advice_text_block][\/vc_column_inner][vc_column_inner width=&#8221;1\/3&#8243; css=&#8221;.vc_custom_1509716286040{padding-bottom: 35px !important;background-image: url(https:\/\/www.fondofsi.it\/wp-content\/uploads\/esagono-perimetro.png?id=1779) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: contain !important;}&#8221;][vc_single_image image=&#8221;1784&#8243; img_size=&#8221;40&#215;40&#8243; alignment=&#8221;center&#8221; css=&#8221;.vc_custom_1509716432037{margin-bottom: 0px !important;}&#8221;][advice_heading tag=&#8221;div&#8221; text_align=&#8221;center&#8221; font_weight=&#8221;700&#8243; color=&#8221;custom&#8221; title=&#8221;TARGET&#8221; custom_color=&#8221;#ffffff&#8221; font_size=&#8221;24px&#8221; el_class=&#8221;perimetro&#8221;][advice_text_block color=&#8221;custom&#8221; custom_color=&#8221;#ffffff&#8221;]<\/p>\n<p style=\"text-align: center;\">Leading Italian mid-market<br \/>\ncorporates or companies<br \/>\nwith the potential<br \/>\nto become leaders<\/p>\n<p>[\/advice_text_block][\/vc_column_inner][vc_column_inner el_class=&#8221;baloon&#8221; width=&#8221;1\/3&#8243; css=&#8221;.vc_custom_1511516883555{padding-bottom: 35px !important;background-color: #f1f1f1 !important;border-radius: 10px !important;}&#8221;][vc_single_image image=&#8221;1750&#8243; img_size=&#8221;40&#215;40&#8243; alignment=&#8221;center&#8221; css=&#8221;.vc_custom_1509715557574{margin-bottom: 0px !important;}&#8221;][advice_heading tag=&#8221;div&#8221; text_align=&#8221;center&#8221; font_weight=&#8221;700&#8243; color=&#8221;custom&#8221; title=&#8221;APPROACH&#8221; custom_color=&#8221;#0077bc&#8221; font_size=&#8221;24px&#8221;][advice_text_block]<\/p>\n<ul>\n<li>Disciplined approach<\/li>\n<li>Local presence<\/li>\n<li>Focus on proprietary transactions<\/li>\n<\/ul>\n<p>[\/advice_text_block][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=&#8221;1\/4&#8243;][\/vc_column_inner][vc_column_inner el_class=&#8221;baloon&#8221; width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1511516893619{padding-bottom: 35px !important;background-color: #f1f1f1 !important;border-radius: 10px !important;}&#8221;][vc_single_image image=&#8221;1752&#8243; img_size=&#8221;40&#215;30&#8243; alignment=&#8221;center&#8221; css=&#8221;.vc_custom_1509715246175{margin-bottom: 0px !important;}&#8221;][advice_heading tag=&#8221;div&#8221; text_align=&#8221;center&#8221; font_weight=&#8221;700&#8243; color=&#8221;custom&#8221; title=&#8221;INVESTMENT HORIZON AND EXIT&#8221; custom_color=&#8221;#0077bc&#8221; font_size=&#8221;24px&#8221;][advice_text_block]<\/p>\n<ul>\n<li>Investment horizon consistent with company&#8217;s development and growth plans<\/li>\n<li>Appropriate investment liquidation strategy<\/li>\n<\/ul>\n<p>[\/advice_text_block][\/vc_column_inner][vc_column_inner width=&#8221;1\/4&#8243;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1528983373652{padding-bottom: 80px !important;}&#8221; el_class=&#8221;investment-strategy&#8221;][vc_column][vc_row_inner css=&#8221;.vc_custom_1509708795477{margin-bottom: 40px !important;}&#8221;][vc_column_inner width=&#8221;1\/12&#8243;][\/vc_column_inner][vc_column_inner width=&#8221;1\/12&#8243;][vc_single_image image=&#8221;1754&#8243; img_size=&#8221;full&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;9\/12&#8243;][advice_heading tag=&#8221;div&#8221; color=&#8221;custom&#8221; title=&#8221;TARGET: MID-MARKET LEADERS WITH GROWTH POTENTIAL&#8221; font_size=&#8221;27px&#8221; custom_color=&#8221;#0077bc&#8221; line_height=&#8221;1.2&#8243;][advice_text_block font_size=&#8221;18px&#8221;]FSI targets companies that are leaders, or have the potential to become leaders, with a defendable market position and unexploited development or transformational potential.[\/advice_text_block][\/vc_column_inner][vc_column_inner width=&#8221;1\/12&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1509708813229{margin-bottom: 40px !important;}&#8221;][vc_column_inner width=&#8221;1\/12&#8243;][\/vc_column_inner][vc_column_inner width=&#8221;1\/12&#8243;][vc_single_image image=&#8221;1746&#8243; img_size=&#8221;full&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;9\/12&#8243;][advice_heading tag=&#8221;div&#8221; color=&#8221;custom&#8221; title=&#8221;VALUE CREATION STRATEGY: GROWTH&#8221; font_size=&#8221;27px&#8221; custom_color=&#8221;#0077bc&#8221; line_height=&#8221;1.2&#8243;][advice_text_block font_size=&#8221;18px&#8221;]FSI actively contributes to corporates expansion plans through organic growth, add-on acquisitions or sector consolidation, in order to benefit from larger scale and extract synergies.[\/advice_text_block][\/vc_column_inner][vc_column_inner width=&#8221;1\/12&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1509708813229{margin-bottom: 40px !important;}&#8221;][vc_column_inner width=&#8221;1\/12&#8243;][\/vc_column_inner][vc_column_inner width=&#8221;1\/12&#8243;][vc_single_image image=&#8221;1748&#8243; img_size=&#8221;full&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;9\/12&#8243;][advice_heading tag=&#8221;div&#8221; color=&#8221;custom&#8221; title=&#8221;INVESTMENT STRUCTURE: INVESTMENTS IN PARTNERSHIP WITH ENTREPRENEURS WITH LOW RECOURSE TO LEVERAGE&#8221; font_size=&#8221;27px&#8221; custom_color=&#8221;#0077bc&#8221; line_height=&#8221;1.2&#8243;][advice_text_block font_size=&#8221;18px&#8221;]FSI is the partner of choice of Italian entrepreneurs with the ambition of pursuing expansion or transformational plans for their companies through the partnership with an investor.<br \/>\nFSI mainly pursues minority investments with active governance rights and a medium-long term horizon, collaborating with entrepreneurs in the achievement of the growth plans of the company. Majority investments are possible.<br \/>\nFSI makes a limited recourse to leverage and promotes capital structures providing the invested companies with the proper financial flexibility to pursue their development plans.[\/advice_text_block][\/vc_column_inner][vc_column_inner width=&#8221;1\/12&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1509708813229{margin-bottom: 40px !important;}&#8221;][vc_column_inner width=&#8221;1\/12&#8243;][\/vc_column_inner][vc_column_inner width=&#8221;1\/12&#8243;][vc_single_image image=&#8221;1750&#8243; img_size=&#8221;full&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;9\/12&#8243;][advice_heading tag=&#8221;div&#8221; color=&#8221;custom&#8221; title=&#8221;INVESTMENT APPROACH: DISCIPLINE AND FOCUS ON PROPRIETARY TRANSACTIONS&#8221; font_size=&#8221;27px&#8221; custom_color=&#8221;#0077bc&#8221; line_height=&#8221;1.2&#8243;][advice_text_block font_size=&#8221;18px&#8221;]FSI has a disciplined approach. The management company mainly generates investment opportunities from a proprietary pipeline and tends to avoid the traditional auction market.[\/advice_text_block][\/vc_column_inner][vc_column_inner width=&#8221;1\/12&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1509708813229{margin-bottom: 40px !important;}&#8221;][vc_column_inner width=&#8221;1\/12&#8243;][\/vc_column_inner][vc_column_inner width=&#8221;1\/12&#8243;][vc_single_image image=&#8221;1752&#8243; img_size=&#8221;full&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;9\/12&#8243;][advice_heading tag=&#8221;div&#8221; color=&#8221;custom&#8221; title=&#8221;EXIT: PATIENT CAPITAL AND APPROPRIATE LIQUIDATION STRATEGY&#8221; font_size=&#8221;27px&#8221; custom_color=&#8221;#0077bc&#8221; line_height=&#8221;1.2&#8243;][advice_text_block font_size=&#8221;18px&#8221;]FSI acts on a medium-long term period and carefully considers the investment liquidation strategies, based on the specific situation of the company and the financial markets. IPO is an envisaged liquidation event.[\/advice_text_block][\/vc_column_inner][vc_column_inner width=&#8221;1\/12&#8243;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row css=&#8221;.vc_custom_1510331618496{padding-bottom: 80px !important;}&#8221; el_class=&#8221;section-elenco-attivita&#8221;][vc_column][advice_heading tag=&#8221;h2&#8243; title=&#8221;FSI invests in the best Italian companies to:&#8221; css=&#8221;.vc_custom_1511513658144{padding-bottom: 40px !important;}&#8221;][vc_row_inner equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1512576063776{padding-bottom: 15px !important;}&#8221;][vc_column_inner width=&#8221;1\/12&#8243;][vc_single_image image=&#8221;2609&#8243; img_size=&#8221;28&#215;28&#8243; alignment=&#8221;center&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;11\/12&#8243;][advice_heading tag=&#8221;div&#8221; color=&#8221;custom&#8221; title=&#8221;SUPPORT GROWTH&#8221; font_size=&#8221;28px&#8221; custom_color=&#8221;#0077bc&#8221; line_height=&#8221;1&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1512576069831{padding-bottom: 15px !important;}&#8221;][vc_column_inner width=&#8221;1\/12&#8243;][vc_single_image image=&#8221;2609&#8243; img_size=&#8221;28&#215;28&#8243; alignment=&#8221;center&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;11\/12&#8243;][advice_heading tag=&#8221;div&#8221; color=&#8221;custom&#8221; title=&#8221;PROMOTE INTERNATIONALIZATION&#8221; font_size=&#8221;28px&#8221; custom_color=&#8221;#0077bc&#8221; line_height=&#8221;1&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1512576079271{padding-bottom: 15px !important;}&#8221;][vc_column_inner width=&#8221;1\/12&#8243;][vc_single_image image=&#8221;2609&#8243; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1976","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.fondofsi.it\/en\/wp-json\/wp\/v2\/pages\/1976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fondofsi.it\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.fondofsi.it\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.fondofsi.it\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fondofsi.it\/en\/wp-json\/wp\/v2\/comments?post=1976"}],"version-history":[{"count":0,"href":"https:\/\/www.fondofsi.it\/en\/wp-json\/wp\/v2\/pages\/1976\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.fondofsi.it\/en\/wp-json\/wp\/v2\/media?parent=1976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}