Vauban Infrastructure Partners completed the acquisition of a majority stake in Progeni.

Vauban Infrastructure Partners, an affiliate of investment firm Natixis Investment Managers, completed the acquisition of a majority stake in Progeni, a special purpose vehicle that manages the concession contract for the provision of non-medical services for the Niguarda Hospital in Milan. The sellers were mostly composed of Italian industrial players (CMB, Gemmo, Coopservice, CIRFOOD, BPER Banca, Servizi Italia and CCC). Financial terms were not disclosed. “This closing is evidence of our expertise in the northern Italian PPP market that we have been developing since 2016, which provides us with an outstanding market knowledge and network to originate the opportunities. Our long-term relationships with industrial partners and advisors and a deep knowledge of the Italian market have been a cornerstone for origination of this transaction," Christelle Destors-Lepoutre, Vauban Investment Director and Pierre-Gilles Diat, Vauban Investment Manager.