The deal is for a significant minority stake, leaving majority ownership and control with the Forte family.

As part of the deal, CDPE Investimenti (CDPEI) will divest its entire stake.

PIF’s investment will include a primary equity component, facilitating the brand’s expansion in both existing and new global markets. This move builds upon the group’s history of growth and development, marked by the opening or commitment of eight new properties in recent years.

Sir Rocco Forte will continue as executive chairman, and Olga Polizzi will retain her position as his deputy. Key roles in the business will also be maintained by Charles Forte, Lydia Forte, and Irene Forte. The completion of the transaction is contingent on regulatory approval.