BPER: finalisation of Arca Impresa Gestioni SGR transfer

Following up the previous communications providing information on the stipulation of a contract with “Iniziativa Gestione Investimenti SGR S.p.A.” (“IGI”) for transferring the shareholding - amounting to 100% of the share capital - in “Arca Impresa Gestioni SGR S.p.A.” (“AIG”), “Banca popolare dell’Emilia Romagna Soc. Coop.” notifies that, at today's date, since the suspensive conditions have been met, there including in particular receipt of the required legal authorisations, the aforementioned transaction was executed and the shareholding in AIG was therefore transferred to IGI.

AIG is an asset management company specialising in the promotion and management of closed-end private equity funds. AIG currently manages four funds, two of which are at the investment stage (with a total commitment of € 93.25 million) and two which have nearly completed divestment.

IGI is an asset management company owned by Giorgio and Matteo Cirla along with Enrico Palandri and Paolo Merlano, which has made upwards of 50 investments since 1998 for a total of over € 300 million. IGI SGR currently manages three funds raised from Italian and foreign investors, investing in majority and minority stakes, in development capital of Italian companies, and working alongside successful businesses in the processes of managerial development, geographical expansion and the search for acquisition opportunities.