Co-shareholders of Gruppo Investimenti Portuali (GIP) Infracapital and InfraVia Capital Partner have agreed the sale of their 100% stake in Terminal Darsena Toscana (TDT) to the Grimaldi Group.
As part of the transaction, Giulo Schenone, CEO of GIP and a minority stakeholder of GIP will also exit.
Infracapital, the infrastructure equity investment arm of M&g Plc, and independent French private equity firm InfraVia bought an 80% stake in TDT, headquartered in Livorno, as part of the acquisition of GIP in February 2017, with a further 20% stake acquired in 2018.
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