Francesco D'Antonio has over 20 years of experience in private equity, investment banking, and management. He began his career in 1995 analyzing companies for potential private equity investments. From 1999-2001, he worked as an equity analyst at Banca Commerciale Italiana, participating in several IPO deals and private equity investments. In 2001-2002, he worked as an investment manager at 21 Nextwork, managing the successful sale of an investment. From 2003-2006, he led the investment banking division at Unipol Merchant, overseeing 5 IPOs. He has held senior roles restructuring and selling companies, leading acquisitions, and managing private equity investments.
The document summarizes two uncorrelated investment strategies - a trend following strategy and a carry strategy - that are combined in a 50-50 portfolio by Ulysses Financial Services. The trend following strategy uses simple moving averages to determine long and short positions in 20 currency crosses with tight stop losses. The carry strategy ranks 20 eligible currencies by interest rates to determine long and short positions in the highest and lowest yielding currencies respectively. The combined portfolio aims to generate excess returns of 10-15% annually with low transaction costs and diversification from traditional assets.
How do I trade Binary Options? - Vantage FXVantage FX
What are Binary Options? Well, they're as simple as up or down. Learn the three step trading process that allows you to create exciting short term trading opportunities.
Giancarlo Veltroni is currently the Director of Administration, Finance and Control for the South Region (Italy and Spain) of Office Depot-Viking Office Products. He has over 25 years of experience in finance and administration roles. Previously, he held finance leadership positions at several other companies, demonstrating his ability to improve processes, compliance, and profitability. He is proficient in Italian, English, French, and experienced with accounting software tools like SAP, AS400, and JDE/Comshare.
Ivo Destefanis is a Brazilian-Italian businessman seeking a managerial role. He has 20 years of experience in commercial management, general management, and consulting. Most recently, he was CEO of an Italian food franchise company in Brazil. Prior to that, he held roles like CEO and Brand Manager for heating equipment companies in Italy. He is skilled in areas like sales, marketing, partnerships, and business development.
Gaetano De Santis is an Italian businessman with over 30 years of experience in management, consulting, and turnaround situations. He has worked in industries such as construction, automotive, aviation, and manufacturing. He is fluent in English, French, Spanish, and Italian and has extensive experience working internationally, including 12 years living and working in England. Currently he works as a senior consultant in Italy advising companies on acquisitions, restructuring, and business improvement.
Marco Gibertoni has over 30 years of experience in the medical device industry, holding various sales and business development roles at companies including Medtronic, Dideco S.p.A., and ProLife Innovations srl. He has a track record of exceeding sales targets and growing new business units from the ground up. Gibertoni also pursued additional education in general management through ALMA Graduate School.
IB&II held its first Fall Symposium at the Bloomberg L.P. Headquarters in New York on November 14, 2011.
Dan Doctoroff, President of Bloomberg L.P., opened the event, which featured 13 Italian SMEs from the mobile technology, cyber security and clean tech industries, who presented their innovative products to over 250 guests.
Prior to the company presentations, a group of leading business executives participated in a panel discussion addressing the questions: “Why invest in Italy now?”.
Panelists included: Fulvio Conti, CEO of Enel SpA, Ossama Bessada, CEO of Wind Telecomunicazioni SpA, Ron Spogli, former U.S. Ambassador to Italy and current Chairman of Innogest SGR, and Gianfranco Carbonato, Chairman of the Piedmont-Turin Industrial Association.
Date: November 14, 2011 at 9:00am - 1:00pm
Location: Bloomberg, L.P, New York
Giorgio Rusconi has over 30 years of experience in finance and management. He received a Bachelor's degree in Economics and Commerce from University "L. Bocconi" in Milan, Italy. Currently, he is a member of the board of directors at Radio Marconi Network and a consultant at Ferraris Energia SRL. Rusconi has held several senior financial roles, including Chief Financial Officer at Research International Srl, Financial Controller at Vitali SPA, and Assistant Managing Director/Credit Manager at Paride Cariboni SPA. He is proficient in Italian, English, and French and has expertise with accounting software like Hyperion Enterprise, Cartesis, and Maconomy.
The document summarizes two uncorrelated investment strategies - a trend following strategy and a carry strategy - that are combined in a 50-50 portfolio by Ulysses Financial Services. The trend following strategy uses simple moving averages to determine long and short positions in 20 currency crosses with tight stop losses. The carry strategy ranks 20 eligible currencies by interest rates to determine long and short positions in the highest and lowest yielding currencies respectively. The combined portfolio aims to generate excess returns of 10-15% annually with low transaction costs and diversification from traditional assets.
How do I trade Binary Options? - Vantage FXVantage FX
What are Binary Options? Well, they're as simple as up or down. Learn the three step trading process that allows you to create exciting short term trading opportunities.
Giancarlo Veltroni is currently the Director of Administration, Finance and Control for the South Region (Italy and Spain) of Office Depot-Viking Office Products. He has over 25 years of experience in finance and administration roles. Previously, he held finance leadership positions at several other companies, demonstrating his ability to improve processes, compliance, and profitability. He is proficient in Italian, English, French, and experienced with accounting software tools like SAP, AS400, and JDE/Comshare.
Ivo Destefanis is a Brazilian-Italian businessman seeking a managerial role. He has 20 years of experience in commercial management, general management, and consulting. Most recently, he was CEO of an Italian food franchise company in Brazil. Prior to that, he held roles like CEO and Brand Manager for heating equipment companies in Italy. He is skilled in areas like sales, marketing, partnerships, and business development.
Gaetano De Santis is an Italian businessman with over 30 years of experience in management, consulting, and turnaround situations. He has worked in industries such as construction, automotive, aviation, and manufacturing. He is fluent in English, French, Spanish, and Italian and has extensive experience working internationally, including 12 years living and working in England. Currently he works as a senior consultant in Italy advising companies on acquisitions, restructuring, and business improvement.
Marco Gibertoni has over 30 years of experience in the medical device industry, holding various sales and business development roles at companies including Medtronic, Dideco S.p.A., and ProLife Innovations srl. He has a track record of exceeding sales targets and growing new business units from the ground up. Gibertoni also pursued additional education in general management through ALMA Graduate School.
IB&II held its first Fall Symposium at the Bloomberg L.P. Headquarters in New York on November 14, 2011.
Dan Doctoroff, President of Bloomberg L.P., opened the event, which featured 13 Italian SMEs from the mobile technology, cyber security and clean tech industries, who presented their innovative products to over 250 guests.
Prior to the company presentations, a group of leading business executives participated in a panel discussion addressing the questions: “Why invest in Italy now?”.
Panelists included: Fulvio Conti, CEO of Enel SpA, Ossama Bessada, CEO of Wind Telecomunicazioni SpA, Ron Spogli, former U.S. Ambassador to Italy and current Chairman of Innogest SGR, and Gianfranco Carbonato, Chairman of the Piedmont-Turin Industrial Association.
Date: November 14, 2011 at 9:00am - 1:00pm
Location: Bloomberg, L.P, New York
Giorgio Rusconi has over 30 years of experience in finance and management. He received a Bachelor's degree in Economics and Commerce from University "L. Bocconi" in Milan, Italy. Currently, he is a member of the board of directors at Radio Marconi Network and a consultant at Ferraris Energia SRL. Rusconi has held several senior financial roles, including Chief Financial Officer at Research International Srl, Financial Controller at Vitali SPA, and Assistant Managing Director/Credit Manager at Paride Cariboni SPA. He is proficient in Italian, English, and French and has expertise with accounting software like Hyperion Enterprise, Cartesis, and Maconomy.
La Feidos di Massimo Caputi: partecipazioni, track record, progetti, risultati. ecybsrl
Feidos is an Italian investment and strategic advisory firm established in 2006. It focuses on real estate finance, green energy, leisure/hotels, and non-performing loans. The firm supports financial institutions by originating and structuring complex investments. It has a team of professionals with experience in asset management and financial industries. Feidos' strategy is to create value for clients and investors through skills integration, flexibility, and partnership approaches. It has experience investing and advising on deals in sectors such as renewable energy, hotels, real estate, and non-performing loans.
iStarter is the Italian based accelerator designed to create successful start-ups from innovative ideas. It was founded in Turin by 60 equity partners directly involved in start-up development. Since 2014 iStarter also has an active office in London where 10 equity partners live and expand the accelerator's network
Intesa Sanpaolo appointed two new General Managers - Marco Morelli as Deputy General Manager and Head of the Banca dei Territori Division, and Gaetano Miccichè as General Manager and Head of the Corporate and Investment Banking Division. Morelli and Miccichè have extensive banking experience in Italy and abroad. Intesa Sanpaolo's Project Malawi continues to improve living conditions in Malawi through initiatives in healthcare, orphan support, HIV/AIDS prevention, and agriculture/nutrition. The project aims to treat HIV/AIDS patients, support orphans, eliminate false beliefs about HIV/AIDS, provide economic opportunities, and address malnutrition through clinics, training, and agriculture techniques. Intesa Sanpa
Blossom & Company is committed to the economic vitality
of Italy, the growth of the innovative companies, the future of healthcare – agro-food – informatics and the sustainability
of our entrepreneurs. As one of the most important advisors
to Italy – based organizations in the innovative sectors, we have a distinctive, broad view of companies’ challenges and opportunities. Blossom & Company’s practice has been active in helping the entrepreneurs and companies to reach its sustainability, potentials and success.
Ratio Consulting is an independent advisory firm located in Modena, Italy that focuses on mergers and acquisitions, corporate finance, and interim management for small and medium enterprises. It was founded in 2011 and assists clients in buying and selling companies through a team of experienced professionals. The firm's mission is to help SMEs grow and create value through expert consulting and capital searches.
Approvato Prelios Business Plan 2014-2016 - Massimo Caputi Preliosmichelaplatini
Massimo Caputi Prelios - Approvato Prelios Business Plan 2014-2016
OBIETTIVI STRATEGICI:
* portare a termine il riposizionamento in pure management company e diventare l’asset manager di riferimento per investitori istituzionali italiani ed esteri
* consolidare leadership di mercato della piattaforma di servizi attraverso sviluppo del segmento premium
* completare la dismissione delle partecipazioni in co-investimento
The document discusses setting up a startup in Italy. It outlines the legislative framework established by the Italian government to promote startup creation, including the Decreto Startup law passed in 2012. The law defines innovative startups and provides benefits such as tax incentives and simplified bankruptcy procedures. It also discusses how to legally form a startup company as a limited liability company and register it with the required Italian agencies. Finally, it covers common types of labor agreements for hiring employees.
This document provides an agenda and background information for the Inaugural Italian Innovation Day event on May 5, 2011 in New York City. The event aims to showcase innovative Italian small- and medium-sized enterprises (SMEs) and startups. The agenda includes speakers on why Italy matters, presentations from 24 Italian companies representing sectors like green tech, bioscience, and ICT, and a startup pitch competition. The document introduces the event founder and provides context on the goal of connecting attendees with bright Italian entrepreneurs helping transform Italy into an innovation hub.
This dissertation explores whether minibonds can help Italian small and medium enterprises (SMEs) grow after the financial crisis. The document provides background on the financial crisis's negative impact on the Italian economy and SMEs' overreliance on short-term bank debt. It introduces minibonds as a financial tool introduced by the Italian government in 2012 to help SMEs obtain long-term financing and reduce dependence on banks. The dissertation will analyze SME capital structures before and after minibond issuances, present a case study of an Italian company that used minibonds, and conclude by assessing whether minibonds have achieved the goal of helping SMEs restart growth.
Diversification involves expanding a firm's business activities beyond its current products and markets. It allows firms to grow rapidly by entering new business fields. There are three main ways firms diversify: acquisitions, internal startups, and joint ventures. Diversification can be related, where new businesses are related to the firm's existing value chains, or unrelated where the businesses are completely different. Examples of related diversification include Johnson & Johnson expanding into different healthcare products, while General Electric and Virgin have diversified into both related and unrelated industries.
Maria Elena Caporaletti has over 30 years of experience in strategic communications, public relations, and corporate communications. She has held leadership roles developing communications strategies for major companies in energy, telecommunications, and transportation. Her experience includes launching new business ventures and managing communications for startups. Currently, she works as a freelance communications consultant and lecturer.
This interim management report provides an overview of DeA Capital S.p.A.'s performance for the first nine months of 2016. Key highlights include:
- Group NAV increased to EUR 530.8 million with a NAV per share of EUR 2.03.
- The investment portfolio totalled EUR 447.4 million, consisting of private equity investments, funds, and assets related to alternative asset management.
- Group net profit for the first nine months was EUR 9.8 million.
- Investor relations activities continued, including attendance at investor conferences and meetings.
Collection of Mergers and Acquisitions and Integration case histories from my first-hand experiences at GE, Fiat, Indesit, Corus, Areva, with lessons learned
Bluebell letter leonardo spa (27 marzo 2017)Carlo Rossi
The document is a letter from Bluebell Partners, an investment firm, to the Italian Ministry of Economics and Finance expressing concerns about the recently designated directors for the board of Leonardo SpA. Specifically, the letter argues that the designated directors, including the proposed CEO Alessandro Profumo, lack relevant industry experience for Leonardo's sectors and that Profumo faces legal issues that should disqualify him under the Ministry's own guidelines. The letter warns that these appointments could damage investor confidence in the Italian market and Leonardo as a strategic company if merit, competence and integrity are not the primary criteria used for board appointments.
Banca IFIS had a very positive first quarter of 2012, with net banking income up 116.3% and net profit from financial activities increasing 146.4%. The bank joined the FTSE Italia Mid Cap index and saw continued growth in retail funding. For the rest of 2012, the bank aims to acquire new customers and loans to enhance services while also focusing on new projects in insolvency procedures. Banca IFIS also introduced a new website to improve transparency and interaction with stakeholders.
DeA Capital introduces IDeA FIMIT at the 2013 STAR Conference in MilanDeA Capital S.p.A.
IDeA FIMIT sgr is Italy's largest real estate fund management company, with over €10 billion in assets under management. It was established in 2011 through the merger of First Atlantic RE sgr and FIMIT sgr, combining decades of experience in the Italian market. IDeA FIMIT specializes in core and core+ investments in major Italian cities, focusing on income-producing assets like offices and retail. It maintains a low-risk profile with conservative leverage of 32% loan-to-value on average. The company has a strong institutional investor base including many of Italy's largest pension funds.
The document provides information on Banca IFIS' quarterly newsletter for March 2014. Some key points:
1) Banca IFIS had excellent financial results for 2013, with profits up 8.5% and the share price increasing 134% over the period.
2) The bank continues to support both companies and households during the economic difficulties in Italy by providing lending capacity to the real economy.
3) Banca IFIS is focusing on social media and digital communication tools to strengthen relationships with customers and investors.
Antonio Lauro is a financial consultant with over 13 years of experience in industries such as retail banking, airport management, and education. He has strong skills in financial modeling, analysis, and developing solutions to complex financial issues. Currently, he works as an independent consultant providing services such as financial planning, restructuring, and debt resolution to small and medium enterprises. Previously, he held roles at PricewaterhouseCoopers assisting with IPOs, accounting transitions, and financial reporting. He has an MBA and certificates in accounting and auditing.
DeA Capital - Interim Management Report at 31 March 2016DeA Capital S.p.A.
DeA Capital S.p.A. is an Italian alternative investment firm with €452 million in investments and €9.5 billion in assets under management. In the first quarter of 2016, DeA Capital's share price fell 10.7% while the FTSE All-Share index fell 14.8%. DeA Capital invests in private equity funds and companies, and its subsidiaries manage real estate and private equity funds of funds.
La Feidos di Massimo Caputi: partecipazioni, track record, progetti, risultati. ecybsrl
Feidos is an Italian investment and strategic advisory firm established in 2006. It focuses on real estate finance, green energy, leisure/hotels, and non-performing loans. The firm supports financial institutions by originating and structuring complex investments. It has a team of professionals with experience in asset management and financial industries. Feidos' strategy is to create value for clients and investors through skills integration, flexibility, and partnership approaches. It has experience investing and advising on deals in sectors such as renewable energy, hotels, real estate, and non-performing loans.
iStarter is the Italian based accelerator designed to create successful start-ups from innovative ideas. It was founded in Turin by 60 equity partners directly involved in start-up development. Since 2014 iStarter also has an active office in London where 10 equity partners live and expand the accelerator's network
Intesa Sanpaolo appointed two new General Managers - Marco Morelli as Deputy General Manager and Head of the Banca dei Territori Division, and Gaetano Miccichè as General Manager and Head of the Corporate and Investment Banking Division. Morelli and Miccichè have extensive banking experience in Italy and abroad. Intesa Sanpaolo's Project Malawi continues to improve living conditions in Malawi through initiatives in healthcare, orphan support, HIV/AIDS prevention, and agriculture/nutrition. The project aims to treat HIV/AIDS patients, support orphans, eliminate false beliefs about HIV/AIDS, provide economic opportunities, and address malnutrition through clinics, training, and agriculture techniques. Intesa Sanpa
Blossom & Company is committed to the economic vitality
of Italy, the growth of the innovative companies, the future of healthcare – agro-food – informatics and the sustainability
of our entrepreneurs. As one of the most important advisors
to Italy – based organizations in the innovative sectors, we have a distinctive, broad view of companies’ challenges and opportunities. Blossom & Company’s practice has been active in helping the entrepreneurs and companies to reach its sustainability, potentials and success.
Ratio Consulting is an independent advisory firm located in Modena, Italy that focuses on mergers and acquisitions, corporate finance, and interim management for small and medium enterprises. It was founded in 2011 and assists clients in buying and selling companies through a team of experienced professionals. The firm's mission is to help SMEs grow and create value through expert consulting and capital searches.
Approvato Prelios Business Plan 2014-2016 - Massimo Caputi Preliosmichelaplatini
Massimo Caputi Prelios - Approvato Prelios Business Plan 2014-2016
OBIETTIVI STRATEGICI:
* portare a termine il riposizionamento in pure management company e diventare l’asset manager di riferimento per investitori istituzionali italiani ed esteri
* consolidare leadership di mercato della piattaforma di servizi attraverso sviluppo del segmento premium
* completare la dismissione delle partecipazioni in co-investimento
The document discusses setting up a startup in Italy. It outlines the legislative framework established by the Italian government to promote startup creation, including the Decreto Startup law passed in 2012. The law defines innovative startups and provides benefits such as tax incentives and simplified bankruptcy procedures. It also discusses how to legally form a startup company as a limited liability company and register it with the required Italian agencies. Finally, it covers common types of labor agreements for hiring employees.
This document provides an agenda and background information for the Inaugural Italian Innovation Day event on May 5, 2011 in New York City. The event aims to showcase innovative Italian small- and medium-sized enterprises (SMEs) and startups. The agenda includes speakers on why Italy matters, presentations from 24 Italian companies representing sectors like green tech, bioscience, and ICT, and a startup pitch competition. The document introduces the event founder and provides context on the goal of connecting attendees with bright Italian entrepreneurs helping transform Italy into an innovation hub.
This dissertation explores whether minibonds can help Italian small and medium enterprises (SMEs) grow after the financial crisis. The document provides background on the financial crisis's negative impact on the Italian economy and SMEs' overreliance on short-term bank debt. It introduces minibonds as a financial tool introduced by the Italian government in 2012 to help SMEs obtain long-term financing and reduce dependence on banks. The dissertation will analyze SME capital structures before and after minibond issuances, present a case study of an Italian company that used minibonds, and conclude by assessing whether minibonds have achieved the goal of helping SMEs restart growth.
Diversification involves expanding a firm's business activities beyond its current products and markets. It allows firms to grow rapidly by entering new business fields. There are three main ways firms diversify: acquisitions, internal startups, and joint ventures. Diversification can be related, where new businesses are related to the firm's existing value chains, or unrelated where the businesses are completely different. Examples of related diversification include Johnson & Johnson expanding into different healthcare products, while General Electric and Virgin have diversified into both related and unrelated industries.
Maria Elena Caporaletti has over 30 years of experience in strategic communications, public relations, and corporate communications. She has held leadership roles developing communications strategies for major companies in energy, telecommunications, and transportation. Her experience includes launching new business ventures and managing communications for startups. Currently, she works as a freelance communications consultant and lecturer.
This interim management report provides an overview of DeA Capital S.p.A.'s performance for the first nine months of 2016. Key highlights include:
- Group NAV increased to EUR 530.8 million with a NAV per share of EUR 2.03.
- The investment portfolio totalled EUR 447.4 million, consisting of private equity investments, funds, and assets related to alternative asset management.
- Group net profit for the first nine months was EUR 9.8 million.
- Investor relations activities continued, including attendance at investor conferences and meetings.
Collection of Mergers and Acquisitions and Integration case histories from my first-hand experiences at GE, Fiat, Indesit, Corus, Areva, with lessons learned
Bluebell letter leonardo spa (27 marzo 2017)Carlo Rossi
The document is a letter from Bluebell Partners, an investment firm, to the Italian Ministry of Economics and Finance expressing concerns about the recently designated directors for the board of Leonardo SpA. Specifically, the letter argues that the designated directors, including the proposed CEO Alessandro Profumo, lack relevant industry experience for Leonardo's sectors and that Profumo faces legal issues that should disqualify him under the Ministry's own guidelines. The letter warns that these appointments could damage investor confidence in the Italian market and Leonardo as a strategic company if merit, competence and integrity are not the primary criteria used for board appointments.
Banca IFIS had a very positive first quarter of 2012, with net banking income up 116.3% and net profit from financial activities increasing 146.4%. The bank joined the FTSE Italia Mid Cap index and saw continued growth in retail funding. For the rest of 2012, the bank aims to acquire new customers and loans to enhance services while also focusing on new projects in insolvency procedures. Banca IFIS also introduced a new website to improve transparency and interaction with stakeholders.
DeA Capital introduces IDeA FIMIT at the 2013 STAR Conference in MilanDeA Capital S.p.A.
IDeA FIMIT sgr is Italy's largest real estate fund management company, with over €10 billion in assets under management. It was established in 2011 through the merger of First Atlantic RE sgr and FIMIT sgr, combining decades of experience in the Italian market. IDeA FIMIT specializes in core and core+ investments in major Italian cities, focusing on income-producing assets like offices and retail. It maintains a low-risk profile with conservative leverage of 32% loan-to-value on average. The company has a strong institutional investor base including many of Italy's largest pension funds.
The document provides information on Banca IFIS' quarterly newsletter for March 2014. Some key points:
1) Banca IFIS had excellent financial results for 2013, with profits up 8.5% and the share price increasing 134% over the period.
2) The bank continues to support both companies and households during the economic difficulties in Italy by providing lending capacity to the real economy.
3) Banca IFIS is focusing on social media and digital communication tools to strengthen relationships with customers and investors.
Antonio Lauro is a financial consultant with over 13 years of experience in industries such as retail banking, airport management, and education. He has strong skills in financial modeling, analysis, and developing solutions to complex financial issues. Currently, he works as an independent consultant providing services such as financial planning, restructuring, and debt resolution to small and medium enterprises. Previously, he held roles at PricewaterhouseCoopers assisting with IPOs, accounting transitions, and financial reporting. He has an MBA and certificates in accounting and auditing.
DeA Capital - Interim Management Report at 31 March 2016DeA Capital S.p.A.
DeA Capital S.p.A. is an Italian alternative investment firm with €452 million in investments and €9.5 billion in assets under management. In the first quarter of 2016, DeA Capital's share price fell 10.7% while the FTSE All-Share index fell 14.8%. DeA Capital invests in private equity funds and companies, and its subsidiaries manage real estate and private equity funds of funds.
Start-ups in Italy and ecosystems around the world (v. 2016 ita)
Detailed professional experience
1. In early 1999 he joined Banca Commerciale Italiana in Milan – headquarter - Research Department, as Equity and Financial Analyst. He made
analysis of publicly-traded companies for institutional investors focused on investments in Italian equities. The mainly industries followed by
Francesco at the time have been: Electronics, ICT, Construction, Utilities, Media and some companies operating in the Internet segment. In the
following two years, he participated as analyst in the structuring and implementation of few IPO deals. In Banca Commerciale Italiana then he
moved to the Merchant Banking Division (today Private Equity Service of Banca Intesa San Paolo), working as private equity Investment
Manager in the industrial sectors of the Bank’s interest. Francesco, during that time, has been part of the building up of the following deals: Seat
Pagine Gialle, Interpump, Grove, Guala Clousers, Full Service Providers, Jean Pascale AG, Gruppo Limoni and Cantieri del Pardo.
In the second half of 2001 he moved to 21 Nextwork, venture capital company of the Benetton group, as Investment Manager. 21 Nextwork is a
venture capital and private equity firm founded by 2 former partner of Boston Consulting Group and 21investimenti. 21 Nextwork maintains the
traditional private equity investments and business start-ups in partnership with larger companies (mainly Italian financial institutions and
medium-sized Italian firms). The top deal realized by Francesco had been the selling of the UK target Travelselect to the bidder Lastminute.com
(www.lastminute.com) - net yield of the investment (IRR) = 60%. Moreover, Francesco has been working on few business plans for retail banks
aimed at optimizing their affiliate income and to the development of innovative products for retail customers (asset management, consumer
credit and revolving cards).
Francesco D’Antonio (1/2)
1
Strictly private and confidential
Degree in Economics (110/110 cum laude), MBA from IMD in Lausanne, Francesco has spent his professional
experience in private equity and investment banking in addition to hold managerial positions for several years in
Italian and some foreign industrial companies.
Francesco, after graduation in 1992, began his professional career as a certified public accountant and certified
auditor. After a few years as a professional practitioner was hired as an analyst at Società per l’Imprenditorialità
Giovanile S.p.A – Rome (company of the Treasury in charge of managing the funds L.44 for starting new
business ventures in Central-Southern Italy). In 3 years at Rome performed a search on applied companies
financed by venture capital and L.44; the paper has been published by the Journal of Italian Economy
He moved to Milan at a financial boutique named MDA Consulting and specialized in corporate finance and
M&A. He worked as advisor and on medium-sized companies M&A deals.
2. At the beginning of 2003 Francesco joined Unipol Merchant - the Investment Bank of the banking and Insurance Group Unipols – as head of
Investment Banking Division including Capital Markets Service (7 persons) and Private Equity (3 people). He was appointed as board member
of: Vemer- Siber Group, publicly traded company, and Sangemini (www.sangemini.it). Oversaw the Investment Banking Division starting with
the development of the activity of investment in risk capital (private equity) and capital markets activity, especially with Stock quotes
(coordinating and managing 5 IPO’s). At the same time he developed the consulting activities, especially for M&A Division.
From the second half of 2006, first as a consultant and later as Chief Executive Officer, he was responsible for industrial and financial
restructuring of a Mid Cap Italian company called Wings. Wings, with factories in Italy and in California, produces clothing for sports activities
with “board” (the so-called “board-sports”) such as surfing, snowboarding, kite boarding, skateboarding etc. The operation ended successfully
through the sale of the company to an institutional investor. Francesco masterminded the turnaround and sale of the company to a private
equity fund
In 2007 he was hired as Director of the Business Development Unit at Kerself group, a listed company, classified as the Italian photovoltaic
industry leader. Among other deals he managed the acquisition of two companies in photovoltaics and finance these acquisitions by a capital
increase in the financial markets. Then he followed the integration of acquired companies and worked on the general organization of the Kerself
Group
From 2008 to 2010, he was appointed as General Manager of a private equity investment company called Investimenti e Sviluppo Mediterraneo
S.p.A. (recently Meridie Investmenti S.p.A.). The company invested in the development of companies in the Centre-South of Italy. Francesco
dealt with the start-up of the activity and the overall coordination of all business functions. In this period, Francesco analysed over 150 target
opportunities and few investments have been made in the renewable energy sector, mechanical industry and in aviation.
Since the beginning of 2010 and half 2011, Francesco worked as an independent consultant, following three special situations such as a
financial restructuring, a turnaround and an efficiency improvement to optimize business functions (i.e. sales and marketing) of some Italian Mid-
Cap located in the Northern Italy (Emilia Romagna and Lombardy). The first project concerned the debt restructuring with a period of grace
which is consistent with the company's business plan, which has been verified in its basic assumptions. The second project was the
streamlining of the sales network in Europe through the coordination of vendors and the establishment of sales managers for the different areas.
The third project, finally, was intended to integrate common business functions after an acquisition. At the same time, Francesco worked as
consultant at Kerself S.p.A. preparing the Offering Circular for the issuance of an high yield bond to be listed in international markets.
Francesco D’Antonio (2/2)
2
Strictly private and confidential
3. Chronological order according to CV experience:
1995-1998, Società per l’Imprenditorialità Giovanile: along with analyst, Francesco makes an applied research on companies that have
concluded the first phase of startup and that may be the investment target of private equity. The applied research had a good success with
some concrete interests of some operators of PE and was published in the Journal of Italian Economy.
1998-mid1999, MDA Consulting M&A boutique: as analyst he followed the closing of 2 M&A operations by an international operator: a logistics
operation, and another in shipping
1999-2001, Banca Commerciale Italiana (now Intesa San Paolo): as equity analyst in the Research Department, Francesco participates in few
IPO operations in which was involved Banca Commerciale Italiana (Comit) especially in the following industries: utilities, multi-utilities and ICT.
In the merchant banking/private equity division, as Investment Analyst, he participates in few private equity deals in which it was involved the
Comit. Moreover, Francesco actively contributes and managed the revival of Gruppo Limoni (retail shop of perfumeries) passing from 15 to 35
shop in Italy. At the same time, by analysing the equity investment of Comit in the company Cantieri del Pardo (sailing boat) aimed at
restructuring and the acquisition of the French competitor DuFour, he expressed a negative opinion on such transaction which has not produced
the expected results in terms of performance. Today, Cantieri del Pardo and Dufour has been acquired by the German shipyard Bavaria which
is trying a recovery operation.
2001-2002, 21 Nextwork – 21 Investimenti: the company carries out corporate venturing operations (i.e. traditional private equity investments
and business start-ups in partnership with larger companies mainly Italian financial institutions and medium-sized Italian enterprises specifically
linked to the Benetton family). As Investment Manager, Francesco followed and managed the sale of its investee Travelselect (online booking)
at Lastminute.com listed in UK. The deal was successfully closed and made an IRR of 60%. At the same time, Francesco develops and
contributes to the realization of some ventures for retail banks aimed at optimizing the affiliate income and to the development of innovative
products for retail customers (asset management, consumer credit and revolving cards). These initiatives despite some changes were
implemented in the major Italian banks, at the this moment of time.
2003-mid 2006, Unipol Merchant (today Unipol Gruppo Finanziario): as head of Investment Banking Division Francesco leads 5 IPO (utilities,
retailing and real estate/industrial). As head of Private Equity, in addition to manage the activity (formerly absolutely flat) he coordinates the
activities of portfolio optimization of companies held together with the Brescia holding HOPA.
2006-2007, Wings S.p.A.: Francesco deals with the financial and industrial restructuring of Wings S.p.A., a sportswear manufacturer with
factories in Italy and California. The operation ended successfully through the sale of a business and brand to an institutional investor (Atlantis
Capital Partners).
Francesco D’Antonio main results & track record
3
Strictly private and confidential
4. 2007, Kerself Group: as development manager Francesco leads 2 acquisitions of photovoltaic companies and its financing made by a capital
increase in the financial market. Then he deals with the integration of acquired companies
2008-2010, Investimenti e Sviluppo Mediterraneo: as Managing Director, Francesco participates in the listing of an investment vehicle that
collects EUR 100 m and the start-up of the whole initiative. In this period were analysed 150 investment opportunities and investments have
been made in the renewable energy sector, in industry and in aircraft maintenance mechanics.
2010-2011, independent consultant: Francesco followed three special situations such as a financial restructuring, a turnaround and an efficiency
improvement to optimize business functions (i.e. sales and marketing) of some Italian Mid-Cap located in the Northern Italy (Emilia Romagna
and Lombardy). All of them have been successfully completed. The first project specifically concerned the debt restructuring with a period of
grace which is consistent with the company's business plan, which has been verified in its basic assumptions. The second project was the
streamlining of the sales network in Europe through the coordination of vendors and the establishment of sales managers for the different areas.
The third project was intended to integrate business functions after an acquisition. At the same time Francesco played the role of consultant at
Kerself S.p.A. for preparation of the Offering Circular for the issuance of an risk/yield (High Yield Bond) bond in the international markets.
2011-2012, Gruppo Aion Renewables: as responsible for the planning and development, Francesco follows the restructuring and relaunch of a
corporate division that deals with the production of engines and electric pumps for water. Recovery actions have concentrated on reducing the
range of products, on the rationalization of the production costs, on a moderate increase in sales prices and the strengthening of foreign trade
relations. From a turnover almost equal to zero, turnover leads to approximately EUR 2 m in one year without having access to credit lines and
in the context of financial crisis of Aion Renewables Group.
Francesco D’Antonio main results & track record
Reference list available
4
Strictly private and confidential