Intesa SanPaolo prepares to spin-off its venture capital activities

After having spun-off its private quity activities (see here a previous post by BeBeez), IntesaSanpaolo  is preparing to sell its venture capital activites as well, Corriere della Sera wrote last Wednesday Sept. 9th.  The Italian bank operates three venture capital funds (Atlante Ventures, Atlante Ventures Mezzogiorno and Atlante Seed) through its subsidiary Imi Fondi chiusi sgr. The deal will be structured as a management buy out by the funds' top managers led by the head of venture capital team Davide Turco. The MBO will be financed by fQuadrivio sgr, an Italian mid-market private equity firm. Quadrivio is not quite a surprise as a partner in