2023

Fondo Italiano d’Investimento and Eulero Capital have acquired a minority stake in HNH Hospitality from Siparex Group

HNH Hospitality

Founded in 1999 and based in Mestre, Italy, HNH Hospitality manages 16 hotels located across the country with more than 2,000 rooms under international third-party brands (Hilton, IHG, Accord and Best Western) as well as the proprietary luxury resort brand, Almar. The company has established a high level of credibility with most major international hotel chains thanks to its solid market position and strong reputation in the hotel management sector, with unique scouting and selection abilities as well as strong capabilities in relaunching the performance of hotels.

The Deal

Fondo Italiano d’Investimento and Eulero Capital have agreed to acquire a minority stake in HNH Hospitality with the objectives to accelerate growth through new hotel openings, inorganic expansion and operational enhancements. Lincoln International acted as exclusive mergers and acquisitions advisor to Fondo Italiano d’Investimento and Eulero Capital, providing process, financial and tactical advisory expertise.

Our Perspective

Filippo Lardera, Managing Director in Lincoln’s Milan office, commented, “We are delighted to have successfully assisted Fondo Italiano d’Investimento and Eulero Capital on this investment. HNH Hospitality is an iconic player in the hospitality management sector, and we are firmly convinced that Fondo Italiano d’Investimento and Eulero Capital are the best partners to bring the company to the next level.”

Fondo Italiano d’Investimento

Fondo Italiano d’Investimento is Italy’s largest institutional investor in private capital. Through its long-term and strategic approach, Fondo Italiano d’Investimento has promoted the competitiveness of Italy’s industrial system, supporting the growth of Italian businesses and contributing to the expansion of the country’s real economy.

Eulero Capital

Eulero Capital is an Italian permanent capital platform promoted by a group of professionals with more than 30 years of experience in the corporate finance and private equity spaces. Eulero Capital’s investment approach is aimed at acquiring and supporting small to mid-size Italian businesses in the achievement of their full potential.

Connect with a Senior Team Member
Lincoln's sector knowledge and process insights proved instrumental in delivering an excellent outcome for all parties involved in this transaction.
Gianpaolo Di Dio
Chief Investment Officer of Fondo Italiano d’Investimento

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