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FidiToscana
Fidi Toscana is a financial company that facilitates access to credit for businesses and non-profit organizations. It was founded in 1975 and is based in the...
FidiToscana
Fidi Toscana is a financial company that facilitates access to credit for businesses and non-profit organizations. It was founded in 1975 and is based in the Toscana region. The company offers guarantee services, consulting, and microcredit to support the growth and competitiveness of small and medium-sized enterprises.
General information
Firm type
Private Equity
Year founded
1975
Location
Region
Europe
Country
Italy
City
Florence
Corporate office
Florence, Italy
Sector focus
Frequently asked questions
Who controls FidiToscana's investment and guarantee decisions?
FidiToscana was established by the Region of Tuscany and principal local banking institutions in 1975. Governance details and named principals are not publicly disclosed on the firm's website. Decision-making likely involves regional representatives and bank-appointed directors, consistent with its public-private statutory design.
Does FidiToscana take equity stakes in companies?
No. The firm operates as a credit-guarantee and subsidized-finance institution, not as an equity investor. Its primary instruments are direct guarantees on bank loans, management of public credit programs, and microcredit. It does not disclose a portfolio of equity positions.
How does FidiToscana's public counter-guarantee facility work?
Through Italy's Fondo di Garanzia per le PMI (Law 662/96), FidiToscana obtains a public counter-guarantee on the guarantees it issues to banks for SME loans. This structure transfers a portion of the default risk to the national government, increasing the firm's guarantee capacity without requiring proportional balance-sheet capital.
What sectors or company stages does FidiToscana support?
The firm supports SMEs and non-profit entities across all sectors operating in Tuscany. Stage focus spans early-stage ventures through microcredit to mature SMEs seeking subsidized investment loans. It also extends guarantee-backed support to the terzo settore — Italy's third sector of social enterprises and non-profits.
Is FidiToscana a family office or a traditional private equity firm?
Neither. FidiToscana is a regional development finance company (finanziaria regionale) created by the Tuscan regional government and local banks. It does not manage private family wealth or raise discretionary private equity funds. Its capital deployment follows regional development policy rather than market-rate return mandates.
Does FidiToscana charge management fees or carried interest?
No. The firm does not operate on a management-fee or carried-interest model. Client costs consist solely of a one-time commission, calculated as a percentage of the guaranteed loan amount and payable only upon successful bank disbursement. Commission rates vary based on the firm's internal credit rating of the applicant.
How does FidiToscana's Osservatorio PMI initiative work?
Launched in Tuscany, the Osservatorio PMI is a regional crisis-prevention observatory that monitors SME financial health to identify distress early. FidiToscana participates alongside other regional stakeholders, aiming to intervene with restructuring support before a company enters formal insolvency proceedings.
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