Berlusconi's youth holding company enters Nextalia
Holding Italiana Quattordicesima, owned by Luigi, Barbara and Eleonora Berlusconi, has invested in the Sgr founded by Francesco Canzonieri
by Mo.D.
3' min read
Key points
3' min read
The holding company of Silvio Berlusconi's three youngest sons enters the capital of Nextalia Sgr. Holding Italiana Quattordicesima (H14), following a capital increase, thus consolidates the group of leading investors flanking Nextalia founder Francesco Canzonieri. The size of the investment is not known, but if it is within the €30 million range, H14's chairman, Luigi Berlusconi, has full powers of ordinary administration to underwrite, purchase, and sell financial instruments in general (equity, debt, or mass), as per the board of directors' resolution of last June. The transaction, therefore, would not even need to go through the board. H14, 33.33% owned by the three Berlusconi brothers, is a shareholder of Fininvest with 21.42% (Cerved update of 25 July 2024).
Nextalia's pre-transaction shareholding structure was composed as follows, according to the latest Cerved update of 25 July 2024: Canzonieri Holding 78.05%, Intesa Sanpaolo 14.15%, Unipolsai Assicurazioni 4.88%, Istituto Atesino di Sviluppo 0.98%, Fondazione Enpam 0.98%, Confederazione Nazionale 0.49%, Micheli associati 0.24% and Bf Spa 0.24%. The change of weights within the shareholding structure after this last transaction has not yet been disclosed.
"The entry of H14, following a capital increase approved by the shareholders' meeting, further consolidates the group of leading investors flanking Francesco Canzonieri, founder of Nextalia," reads the statement, which continues: "H14, an Italian family office based in Milan, brings with it extensive experience in venture and growth capital investments, in line with Nextalia's mission to support Italian excellence." As a result of the transaction, Fiammetta Roccia, H14's head of permanent capital, joins Nextalia's board of directors.
"We are excited to continue our growth path by welcoming H14 as a new strategic partner. The launch of a new fund with a hybrid strategy confirms Nextalia's distinctive role as the Italian platform of reference for private market investments. I would like to thank the partners for their continued support and for welcoming the further expansion of our range of investment strategies,' commented Francesco Canzonieri, CEO of Nextalia.
The launch of a new fund
.Nextalia also announced the launch of a new initiative: Nextalia Flexible Capital (the 'Fund'), a closed-end alternative investment fund reserved for professional investors. Focused on the small cap segment, the fund is characterised by its hybrid strategy and aims to raise EUR 350 million. Nextalia Flexible Capital will invest in small and medium-sized Italian companies with high growth potential through majority and minority investments, capital increases and hybrid instruments such as preferred equity.
