Canè (Renaissance), we focus on family businesses to accompany them abroad

Family businesses, leaders in market niches and strongly export-oriented, forming "that second Italy", dynamic and protagonist on global markets.

Fabio Canè, founder and managing partner of Renaissance Partners, thus defines the area on which the investment company is aiming at the Nova conference in New York. Canè recalled the digital transformation of our country's SMEs "in four years, the level of adoption of digital technologies in small and medium-sized businesses has gone from 60% to almost 80%. Renaissance Partners, which together with Aurora has raised almost 5 billion euros in capital, invests precisely in these family businesses that are leaders in market niches, accompanying them on the path of international expansion".

While the prevailing financial consensus focuses on low GDP growth, demographic aging and public debt exceeding 135% of GDP, Canè highlighted a dynamic "second economy", a protagonist on global markets. Financial solidity is expressed by specialized Italian companies that have reduced the debt ratio from 49% to less than 30%.

The companies in Renaissance Partners' portfolio, he recalled, generate 60% of their revenues on international markets, thus separating the results from the trend of the national GDP. And on human capital he underlined the importance of combating brain drain, Renaissance Partners finances three university scholarships each year to fully cover the costs. In May, on the occasion of the next AdEPP annual meeting, it will also present an important study on Italy's ability to retain its talent.