Information on the target
Fondo Italiano Private Equity Co-investimenti (FIPEC), managed by Fondo Italiano d’Investimento SG, has successfully executed four co-investments in various Italian companies since the beginning of the year, partnering with existing investors. Among these investments, Costa Edutainment stands out as the leading operator in the Italian amusement parks and edutainment sector, managing the renowned Acquario di Genova and eleven other facilities. The company reported a revenue of €78 million in 2025 and has recently transitioned under the control of Nextalia Private Equity, while the Costa family retains a minority stake.
FIPEC's strategic investments also include significant players in the pharmaceutical sector, such as Genetic and DMX Pharma, showcasing its diverse portfolio. The firm aims to leverage its expertise and network to enhance the growth potential of its investments, particularly in sectors with robust demand and expansion opportunities.
Industry overview in the target’s specific country
The Amusement Parks and Zoos industry in Italy has shown resilience and growth potential, driven by a strong domestic tourism market and increasing interest in family-oriented entertainment options. The sector has benefited from Italy's rich cultural heritage and diverse attractions, making it a popular destination for both locals and international visitors. In recent years, there has been a notable shift towards integrating educational experiences within amusement parks, aligning with global trends in edutainment.
Italy's amusement parks and zoos are increasingly focusing on sustainability and environmental conservation, reflecting broader societal trends. Many facilities are investing in eco-friendly practices and educational programs that promote wildlife conservation and environmental awareness. This shift not only enhances the visitor experience but also aligns with the growing consumer preference for responsible tourism.
The competitive landscape in the Italian amusement parks and zoos industry is characterized by a mix of established players and emerging operators. Major parks are expanding their offerings through new attractions and experiences, while smaller operators are carving out niches by focusing on unique themes or specialized experiences. This dynamic environment presents both challenges and opportunities for investors looking to capitalize on the sector's growth.
Furthermore, the post-pandemic recovery has led to a resurgence in visitor numbers, with many parks reporting increased attendance and revenue. The Italian government has…