In cases where there is a strong industrial synergy between the start-up’s business and the Group’s business, investment agreements are negotiated directly by the parent company in synergy with the business units, to which investments are preferentially allocated according to their relevance to the individual businesses.
The formulas of the financed interventions are typical of venture capital:
- Direct Investment in Equity
- Equity financial instruments
- Convertible financing
The Iren Corporate Venture Capital programme reports directly to the Group’s top management, allowing a speed of action and continuous internal comparison in order to align investments with the Group’s growth philosophy.
Since there is no dedicated structure as in funds, there are no time constraints on disinvestment. However, the objective is to exit the companies invested in with a significant return.