Infracapital, the Infrastructure equity investment arm of M&G, has agreed to sell its 100 percent stake in Concessioni Investimenti Infrastrutturali (C2i) to Holding di Investimento in Sanità ed Infrastrutture (HISI).
C2i is a portfolio of public-private partnership (P3) assets in northern Italy that provide core public services to Vimercate Hospital in North Milan and Empoli Hospital west of Florence, as well as energy to the Careggi University Hospital north of Florence.
HISI is a holding company operating in the healthcare P3 sector, currently at Alba Bra, Legnano and Este Monselice hospitals, owned by a fund managed by F2I, an Italian infrastructure fund manager.
Infracapital acquired the business in 2016, and during its ownership, C2i successfully completed part of the construction and commissioning of Empoli Hospital on time and on budget, and managed the three hospitals in the portfolio, with a total of 2,816 beds.
Infracapital invested in C2i