First investment for Arca Space Capital in RINA S.p.A.

Arca Space Capital, the private equity fund promoted by Arca Fondi SGR in partnership with Space Capital Advisors, announces, the day after its formation, its first investment in RINA S.p.A., one of the leading international players in engineering consultancy and Testing, Inspection & Certification (TIC).

Arca Space Capital will take part in a capital increase in RINA worth up to a maximum of Euro 180 million, investing alongside Fondo Italiano di Investimento and other co-investors through a dedicated vehicle.

Following the transaction, whose closing is expected in autumn 2023, the investment vehicle will acquire a minority stake of up to 33% of RINA's capital, which will continue to be controlled by Registro Italiano Navale.

Under the governance arrangements, Arca Space Capital will have the right to appoint one of the vehicle's board members, with the other members to be designated by Fondo Italiano di Investimento.

The injection of new capital will allow RINA to strengthen its capital structure and support the group's next phase of internationalisation and growth, both organically and through M&A, with a view to a possible future listing.

In 2022, RINA recorded pro-forma revenues of over Euro 700 million. In 2023 it is confirming its growth targets of close to Euro 800 million.

Loeser, Chief Executive Officer of Arca Fondi SGR, stated: "We are extremely pleased to announce, the day after the closing of Arca Space Capital, the fund's first investment transaction alongside institutional investors of primary standing in a company like RINA, an Italian excellence recognised globally in engineering consultancy and Testing, Inspection & Certification. Through our investment we intend to support the company's ambitious growth plans."

Carlo Pagliani, Senior Partner at Space Capital Advisors, added: "The investment in RINA reflects the objectives of Arca Space Capital's investment policy, aimed at providing growth capital to leading Italian companies in sectors affected by macro-trends such as the energy transition and sensitive to ESG themes. We are pleased to take part in RINA's new phase of development towards the further internationalisation of the group and the digitalisation of its services, particularly in the energy and infrastructure sectors."

ARCA FONDI SGR

Founded in 1983, Arca Fondi SGR is today one of the leading players in the Italian asset management landscape, thanks to the quality of its products and services. With assets under management that reached Euro 36 billion in March 2023 and a broad and diversified product range, Arca Fondi SGR is the ideal choice for those seeking a reliable and professional partner for the management of their investments. Arca is a leader in the segment of Individual Savings Plans (PIR), in the Target Date Funds and Open Pension Funds segments, and in ESG investments. Arca's products are distributed through a broad and far-reaching network which, thanks to well-established partnerships with more than 100 banks and financial institutions, can rely on more than 8,000 branches. Since 2019, Arca has been part of the BPER Banca Banking Group.

Space Capital Advisors

Space Capital Advisors is the company established by the partners of the Space team (Carlo Pagliani, Edoardo Subert, Alfredo Ambrosio and Laura Selvi), dedicated exclusively to the Arca Space Capital initiative. Since 2013, the Space team has promoted the formation of four SPACs for a combined total of approximately Euro 1 billion, which brought an equal number of sector-leading companies to the STAR segment of Borsa Italiana. In 2019, the Space team launched a club deal platform, Space Capital Club, which carried out two private equity investments in SMEs, for a total value of approximately Euro 100 million, with the aim of supporting entrepreneurs in the growth journey of their companies.

For further information:

Arca Fondi SGR

Ad Hoc Communication Advisors

Tel. 02.7606741

Valentina Zanotto – email: valentina.zanotto@ahca.it – cell. 335.1415575

Simona Di Nicola – email: simona.dinicola@ahca.it – cell. 335.1415578