What role for the public investor? Gianni, Marcucci, Sambuco and Tamagnini talk about it
Thanks to the pandemic, and the need to deploy all available resources, the role of public investment with old and new tools has returned to the fore. “We see the need for a real passing of the baton – suggests Maurizio Tamagnini, CEO of the FSI Fund – and in these cases it is necessary that public and private take a view of complementarity”. A path, inside and outside the market, which Kedrion has experienced firsthand and of which the president Paolo Marcucci can draw up an initial assessment: “For the development of our company, the role played by the patient capital of Cdp between 2012 was decisive. and 2013, when the ‘traditional’ markets had closed especially for Italian companies ”. Since then, for Kedrion and beyond, much water has passed under the bridges, but what remains is “the need to overcome all the idological barriers, between public and private and between different instruments. Almost everything can be there, even with public intervention, as long as the investing state continues to abstain from management ”, according to Roberto Sambuco, partner of Vitale & Co. Francesco Guanni, senior partner of Gianni & Origoni, also spoke about the state, recalling that after the failure of most of the privatizations attempted in Italy today, “the real challenge is to channel private savings into funds and the various instruments of alternative finance “. Another, perhaps the last, chance for Italy.