AXA Private Equity already owns 40 per cent of HISI via its infrastructure funds.
HISI is a holding company which owns 65 per cent of Genesi Uno, an Italian project company awarded a 28 year concession to design, build and operate a 550 bed hospital in Legnano, Lombardy. The construction of the hospital began in March 2006 and completed in February 2010.
AXA Private Equity said it will use its controlling position to increase its support for HISI’s development strategy, working alongside global multinational Techint Group, which will hold the remaining 20 per cent stake.
Stefano Mion, managing director, infrastructure, at AXA Private Equity said, “We have been a shareholder of HISI since 2007, and during this time the company has consistently delivered a strong operating performance. Our increased shareholding will allow us to provide the company with the necessary resources to continue to grow organically, and also to implement a buy-and-build strategy.”
Last month the firm agreed to sell its majority stake in France’s Outremer Telecom to multinational cable and telecommunications company Altice.
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