The document discusses Tamburi Investment Partners (TIP), an Italian investment company. It provides an overview of TIP's portfolio and investments, which total over €2 billion across luxury/design, technology, and healthcare industries. The document also summarizes performance data showing TIP's stock has increased over 300% in the last 5 years, significantly outperforming various indexes. It highlights TIP's pipeline of potential new investments totaling over €500 million.
This document provides information about the European Mid Cap Event in Paris from June 28-29, 2017. It discusses the benefits of guiding capital from successful businesses and families towards growing companies. It then summarizes Tamburi Investment Partners' portfolio, including key investment facts, portfolio breakdown by industry, group structure, stock performance, and recent deals involving Amplifon, Interpump, and Prysmian. Finally, it discusses TIP's approach of being a long-term partner through governance, team, processes, advisory services, network, and support of aggregation processes like M&A.
- The document discusses Tamburi Investment Partners (TIP), an Italian investment company that manages over €2 billion across direct investments and club deals in leading multinational and technological companies.
- TIP has achieved a total return of over 269% in the last 5 years and has a portfolio focused on the luxury, technology, and health/silver age industries.
- Recent deals discussed include the sale of shares in Amplifon and Prysmian, as well as an increased stake in Interpump through an investment vehicle. TIP aims to be a reliable long-term partner and has supported various companies with M&A and financing.
Tamburi Investment Partners (TIP) holds investments worth approximately €3 billion across leading retail, luxury, health and technology companies. TIP has made 12 investments in companies with global leadership positions that generate over €18 billion in annual revenues. Over the past 5 years, TIP has achieved a total return of over 357%. TIP's portfolio is diversified across industries, with 30% in retail/luxury/design, 33% in technology, 9% in health/silver age, and 28% in other investments. TIP also has a pipeline of potential new investments and available capital to continue investing in innovation and growth companies.
The document discusses Tamburi Investment Partners S.p.A. (TIP), an Italian investment company. It provides details on TIP's portfolio, investments, returns, and investment pipeline. Specifically, it notes that TIP has €2 billion invested in leading companies, a +215.6% total return over the last 5 years, and plans to invest over €1 billion in new deals in the next few years, with a focus on companies with revenues of €30-200 million.
This document summarizes an investment conference in Milan on May 24, 2017. It discusses the role of finance in guiding capital from successful businesses and families towards growing companies, and outlines some key facts about Tamburi Investment Partners (TIP), an Italian investment firm. TIP has invested over 2 billion euros through direct investments and club deals in leading multinational and technological companies, and has achieved a total return of over 288% in the last 5 years. The document provides an overview of TIP's portfolio, stock performance, investments and potential pipeline. It also summarizes some recent deals and the financial results of TIP's main investee companies.
- TIP organized a European Midcap Event in Frankfurt on February 2, 2017 to discuss healthy capital from successful businesses and families being invested intelligently in companies that want to grow.
- The document provides key figures on TIP's portfolio and investments, including total returns, assets under management, pipeline of potential deals, and profiles of major investee companies.
- Details are given on TIP's long term investment approach, experience in M&A transactions to support company growth, and track record of value creation over 11 years as a public company.
- The document discusses Tamburi Investment Partners S.p.A., an Italian investment company. It provides details on TIP's investments, portfolio breakdown, and financial results.
- TIP has over €2 billion in direct and club deal investments in leading international companies. Its portfolio is diversified across luxury/design, technology, and healthcare.
- The main investee companies have strong worldwide market positions and over €17 billion in aggregate annual revenues. TIP has achieved a 254% total return over the past 5 years.
The document summarizes information from the Geneva European Midcap Event 2015 presentation by TIP (Tamburi Investment Partners). It provides key figures on TIP's investments and performance over the past 10 years, including total returns significantly outperforming various indexes. TIP has invested over 1.7 billion euros in more than 10 companies with global leadership positions across various industries like technology, luxury, healthcare, and retail.
This document provides information about the European Mid Cap Event in Paris from June 28-29, 2017. It discusses the benefits of guiding capital from successful businesses and families towards growing companies. It then summarizes Tamburi Investment Partners' portfolio, including key investment facts, portfolio breakdown by industry, group structure, stock performance, and recent deals involving Amplifon, Interpump, and Prysmian. Finally, it discusses TIP's approach of being a long-term partner through governance, team, processes, advisory services, network, and support of aggregation processes like M&A.
- The document discusses Tamburi Investment Partners (TIP), an Italian investment company that manages over €2 billion across direct investments and club deals in leading multinational and technological companies.
- TIP has achieved a total return of over 269% in the last 5 years and has a portfolio focused on the luxury, technology, and health/silver age industries.
- Recent deals discussed include the sale of shares in Amplifon and Prysmian, as well as an increased stake in Interpump through an investment vehicle. TIP aims to be a reliable long-term partner and has supported various companies with M&A and financing.
Tamburi Investment Partners (TIP) holds investments worth approximately €3 billion across leading retail, luxury, health and technology companies. TIP has made 12 investments in companies with global leadership positions that generate over €18 billion in annual revenues. Over the past 5 years, TIP has achieved a total return of over 357%. TIP's portfolio is diversified across industries, with 30% in retail/luxury/design, 33% in technology, 9% in health/silver age, and 28% in other investments. TIP also has a pipeline of potential new investments and available capital to continue investing in innovation and growth companies.
The document discusses Tamburi Investment Partners S.p.A. (TIP), an Italian investment company. It provides details on TIP's portfolio, investments, returns, and investment pipeline. Specifically, it notes that TIP has €2 billion invested in leading companies, a +215.6% total return over the last 5 years, and plans to invest over €1 billion in new deals in the next few years, with a focus on companies with revenues of €30-200 million.
This document summarizes an investment conference in Milan on May 24, 2017. It discusses the role of finance in guiding capital from successful businesses and families towards growing companies, and outlines some key facts about Tamburi Investment Partners (TIP), an Italian investment firm. TIP has invested over 2 billion euros through direct investments and club deals in leading multinational and technological companies, and has achieved a total return of over 288% in the last 5 years. The document provides an overview of TIP's portfolio, stock performance, investments and potential pipeline. It also summarizes some recent deals and the financial results of TIP's main investee companies.
- TIP organized a European Midcap Event in Frankfurt on February 2, 2017 to discuss healthy capital from successful businesses and families being invested intelligently in companies that want to grow.
- The document provides key figures on TIP's portfolio and investments, including total returns, assets under management, pipeline of potential deals, and profiles of major investee companies.
- Details are given on TIP's long term investment approach, experience in M&A transactions to support company growth, and track record of value creation over 11 years as a public company.
- The document discusses Tamburi Investment Partners S.p.A., an Italian investment company. It provides details on TIP's investments, portfolio breakdown, and financial results.
- TIP has over €2 billion in direct and club deal investments in leading international companies. Its portfolio is diversified across luxury/design, technology, and healthcare.
- The main investee companies have strong worldwide market positions and over €17 billion in aggregate annual revenues. TIP has achieved a 254% total return over the past 5 years.
The document summarizes information from the Geneva European Midcap Event 2015 presentation by TIP (Tamburi Investment Partners). It provides key figures on TIP's investments and performance over the past 10 years, including total returns significantly outperforming various indexes. TIP has invested over 1.7 billion euros in more than 10 companies with global leadership positions across various industries like technology, luxury, healthcare, and retail.
TIP hosted its small and mid cap investor day on September 23rd in Lugano. The presentation highlighted TIP's strong financial performance over the last 5 and 11 years, with total returns significantly outperforming various indexes. Key figures on TIP's portfolio companies and investments were provided, demonstrating growth in revenues, EBITDA, and employees across many of the companies. The pipeline of future potential investments and IPOs was also outlined.
TIP provided a summary of key figures from its annual report. Some of the highlights included:
- Total returns for TIP shareholders of over 160% for the past 11 years and average yearly returns of over 30%.
- Over 1.5 billion euros invested in more than 50 companies across multiple industries.
- Expected IPO pipeline over the next few years that could provide additional upside.
- Focus on supporting portfolio company growth through M&A and operational improvements.
1. The document discusses the potential establishment of a new investment company called ASSET ITALIA with several hundred million in callable capital from restricted number of investors for a five-year period.
2. TIP plans to propose investing around 100 million Euro, around 20% of total capital, and provide operating and commercial support at minimum cost.
3. TIP would retain a percentage of any final profits for itself based on a reasonable fee structure.
The document discusses Tamburi Investment Partners S.p.A. (TIP), an Italian investment company. It provides an overview of TIP's portfolio and investments, which total over 3 billion Euro across industries like retail, luxury, technology, and healthcare. The document also summarizes TIP's stock performance over the past five years, noting a total return of over 300% and outperformance compared to various indexes. Finally, it discusses some of TIP's most recent deals and investments in companies like Amplifon, Interpump, and Prysmian.
The document discusses the role of finance and investment companies in guiding capital from successful businesses and families toward growing companies. It provides examples of investments TIP has made over the years in companies across various industries. These investments have generated capital gains and dividends for shareholders, with total returns for shareholders who invested 6 or 1 year ago exceeding 50% and 200% respectively due to share price appreciation and dividends received.
The document discusses TIP, an independent investment bank that focuses on investing in "excellent" companies. Over the past 15 years, TIP has invested over 1.5 billion Euro in about 11 companies with global leadership positions across various industries. TIP aims to take minority stakes and support long-term growth, rather than impose short-term exits. The bank has a team of about 20 professionals and stable shareholders including important Italian family offices.
1) Ageas is an international insurance group founded in 1824 that has a presence across Europe and Asia.
2) Over time, the company expanded its operations significantly, including the acquisitions that formed Fortis in 1990 and the purchase of ABN AMRO assets in 2007.
3) Following the financial crisis in 2008, Ageas sold its banking activities and became a pure insurance player, adopting its current strategy and name by 2010 to focus on being an insurance partner in Europe and Asia.
In our latest issue of Multiple, our European PE report based on the latest data from the Centre for Management Buyout Research (CMBOR), we reveal the value of PE-backed IPOs and secondary buy-outs increased in 2013, but, due to the lack of activity from European corporates, trade sales dropped. 2014 needs the return of the corporate buyer to complete the deal cycle.
Bart De Smet, CEO of Ageas, provided an update on Ageas and discussed its focus on Asia over the past decade of value creation. Some key points included:
- Ageas has made substantial progress since 2009 in streamlining its insurance portfolio and selectively expanding, including investments totaling €620 million that strengthened existing businesses.
- The business in the UK has significantly increased in scale following recent acquisitions and organic growth, making Ageas another major player in the UK personal lines market.
- In Asia, Ageas has built on strong partnerships over the past decade, including in Thailand and establishing a new partnership in Turkey through the acquisition of a 31% stake in Aksigorta.
- While legacy
Ageas reported strong results for the first three quarters of 2014, with insurance net profit up 16% to EUR 579 million driven by positive results in the third quarter. Gross inflows grew 10% to EUR 19.5 billion, with strong growth in Asia and Continental Europe offsetting declines in Belgium and the UK. While the group net profit declined 45% to EUR 282 million due to losses in the general account, shareholders' equity reached EUR 9.9 billion and insurance solvency ratios remained high at over 200%.
- The document reports on Ageas's 3M 2012 financial results.
- Ageas had a group net loss of EUR 84 million due to losses in its General Account business, but its insurance activities performed strongly.
- The insurance business saw a net profit of EUR 155 million, up 15% from 3M 2011, driven by strong results in Asia and the UK. However, the General Account had a net loss of EUR 239 million due to legacy charges.
Goldman Sachs European Financials conference 2011Ageas
This document summarizes Bruno Colmant's presentation at the Goldman Sachs European Financials Conference on June 8, 2011 regarding Ageas's priorities and financial performance. The presentation outlines Ageas's focus on improving operational performance, strengthening its insurance franchises, making progress on legacy issues, disciplined capital management, and a consistent dividend policy. It provides financial results for Q1 2011 showing improved insurance performance. The presentation also discusses Ageas's efforts to improve non-life performance, strengthen its insurance franchises in key markets, address legacy issues, and maintain a strong solvency position.
The document summarizes The PIPE Company, which is creating a Pre-IPO Exchange called The PIPE Platform to invest in university research and development projects. The PIPE Platform will allow projects to raise funding through multiple rounds until an exit via trade sale or IPO within 5-7 years. Investors can invest in the platform through a Loan Note currently being offered, with future plans to issue bonds and security tokens. The goal is to support 100+ investments per year and provide liquidity and risk mitigation for investors.
1) Fortis has a strong capital position with a 229% solvency ratio for its insurance activities and EUR 1.3 billion in discretionary capital in its general account.
2) Fortis aims to balance growth investment, shareholder returns, and debt repayment by prioritizing growth investments that exceed its cost of equity, and paying a dividend targeting 40-50% of insurance profits.
3) Fortis will carefully manage its capital and liquidity while exploring opportunities to strengthen existing businesses and selectively acquire new ones to create shareholder value.
Ageas's 9M results continued a positive trend, with:
- Insurance net profit of EUR 497 million, up 11%
- Gross inflows of EUR 17.8 billion, up 15%
- Group combined ratio of 97.6%
- Shareholders' equity of EUR 8.7 billion and insurance solvency of 210%
Both insurance and general account activities contributed to the overall net result, while the balance sheet remained strong.
Ageas, a Belgian insurance company, held an investor day on November 16, 2013 to review its financial targets and performance. The presentation focused on:
- Achieving an 11% return on equity (ROE) target through improving profitability, changing its business mix, and increasing profits from emerging markets.
- Strong results in the first nine months of 2013, with insurance net profit up 11% and a non-life combined ratio of 97.6%.
- Maintaining a balanced approach to using its net cash position of €2 billion, prioritizing reinvesting in the business and returning cash to shareholders.
Ageas is a large insurance company operating in Europe and Asia. It has a balanced portfolio between life and non-life insurance as well as mature and emerging markets. While Ageas has strong market positions, it faces challenges from the economic environment including low interest rates, regulatory changes with the new Solvency II regulations, and improving operational performance in non-life insurance. Ageas has taken steps to reduce risk in its investment portfolio and improve underwriting results. It remains well capitalized and is preparing for the new regulatory regime.
MBH Corporation is a UK-based investment holding company that acquires small to medium enterprises across different industries. Since 2018, MBH has grown its portfolio to 8 companies. Through its business model of acquiring companies and providing additional services, MBH aims to help its portfolio companies grow. Financially, MBH has experienced significant revenue and profit growth in recent years. Going forward, MBH is well positioned for further growth and upside potential as economies recover from the impacts of COVID-19.
The document summarizes information from the Geneva European Midcap Event 2015 presentation by TIP (Tamburi Investment Partners). It provides key figures on TIP's investments and performance over the past 10 years, including total returns significantly outperforming various indexes. TIP has invested over 1.7 billion euros in more than 10 companies with global leadership positions across various industries like technology, luxury, healthcare, and retail.
The document summarizes information from the Geneva European Midcap Event 2015 presentation by TIP (Tamburi Investment Partners). It provides key figures on TIP's investments and performance over the past 10 years, including total returns significantly outperforming various indexes. TIP has invested over 1.7 billion euros in more than 10 companies with global leadership positions across various industries like technology, luxury, healthcare, and retail.
1) The document discusses the benefits of guiding capital from successful businesses and family assets to invest intelligently in growing companies, calling it one of the most beneficial jobs in the world.
2) It then provides key figures and summaries of investments, divestments, and performance of TIP (Tamburi Investment Partners) and its portfolio companies over the past years.
3) Recent investments discussed include increases in stakes in Azimut Benetti and Octo Telematics, and financial support for an Octo management buyout.
TIP hosted its small and mid cap investor day on September 23rd in Lugano. The presentation highlighted TIP's strong financial performance over the last 5 and 11 years, with total returns significantly outperforming various indexes. Key figures on TIP's portfolio companies and investments were provided, demonstrating growth in revenues, EBITDA, and employees across many of the companies. The pipeline of future potential investments and IPOs was also outlined.
TIP provided a summary of key figures from its annual report. Some of the highlights included:
- Total returns for TIP shareholders of over 160% for the past 11 years and average yearly returns of over 30%.
- Over 1.5 billion euros invested in more than 50 companies across multiple industries.
- Expected IPO pipeline over the next few years that could provide additional upside.
- Focus on supporting portfolio company growth through M&A and operational improvements.
1. The document discusses the potential establishment of a new investment company called ASSET ITALIA with several hundred million in callable capital from restricted number of investors for a five-year period.
2. TIP plans to propose investing around 100 million Euro, around 20% of total capital, and provide operating and commercial support at minimum cost.
3. TIP would retain a percentage of any final profits for itself based on a reasonable fee structure.
The document discusses Tamburi Investment Partners S.p.A. (TIP), an Italian investment company. It provides an overview of TIP's portfolio and investments, which total over 3 billion Euro across industries like retail, luxury, technology, and healthcare. The document also summarizes TIP's stock performance over the past five years, noting a total return of over 300% and outperformance compared to various indexes. Finally, it discusses some of TIP's most recent deals and investments in companies like Amplifon, Interpump, and Prysmian.
The document discusses the role of finance and investment companies in guiding capital from successful businesses and families toward growing companies. It provides examples of investments TIP has made over the years in companies across various industries. These investments have generated capital gains and dividends for shareholders, with total returns for shareholders who invested 6 or 1 year ago exceeding 50% and 200% respectively due to share price appreciation and dividends received.
The document discusses TIP, an independent investment bank that focuses on investing in "excellent" companies. Over the past 15 years, TIP has invested over 1.5 billion Euro in about 11 companies with global leadership positions across various industries. TIP aims to take minority stakes and support long-term growth, rather than impose short-term exits. The bank has a team of about 20 professionals and stable shareholders including important Italian family offices.
1) Ageas is an international insurance group founded in 1824 that has a presence across Europe and Asia.
2) Over time, the company expanded its operations significantly, including the acquisitions that formed Fortis in 1990 and the purchase of ABN AMRO assets in 2007.
3) Following the financial crisis in 2008, Ageas sold its banking activities and became a pure insurance player, adopting its current strategy and name by 2010 to focus on being an insurance partner in Europe and Asia.
In our latest issue of Multiple, our European PE report based on the latest data from the Centre for Management Buyout Research (CMBOR), we reveal the value of PE-backed IPOs and secondary buy-outs increased in 2013, but, due to the lack of activity from European corporates, trade sales dropped. 2014 needs the return of the corporate buyer to complete the deal cycle.
Bart De Smet, CEO of Ageas, provided an update on Ageas and discussed its focus on Asia over the past decade of value creation. Some key points included:
- Ageas has made substantial progress since 2009 in streamlining its insurance portfolio and selectively expanding, including investments totaling €620 million that strengthened existing businesses.
- The business in the UK has significantly increased in scale following recent acquisitions and organic growth, making Ageas another major player in the UK personal lines market.
- In Asia, Ageas has built on strong partnerships over the past decade, including in Thailand and establishing a new partnership in Turkey through the acquisition of a 31% stake in Aksigorta.
- While legacy
Ageas reported strong results for the first three quarters of 2014, with insurance net profit up 16% to EUR 579 million driven by positive results in the third quarter. Gross inflows grew 10% to EUR 19.5 billion, with strong growth in Asia and Continental Europe offsetting declines in Belgium and the UK. While the group net profit declined 45% to EUR 282 million due to losses in the general account, shareholders' equity reached EUR 9.9 billion and insurance solvency ratios remained high at over 200%.
- The document reports on Ageas's 3M 2012 financial results.
- Ageas had a group net loss of EUR 84 million due to losses in its General Account business, but its insurance activities performed strongly.
- The insurance business saw a net profit of EUR 155 million, up 15% from 3M 2011, driven by strong results in Asia and the UK. However, the General Account had a net loss of EUR 239 million due to legacy charges.
Goldman Sachs European Financials conference 2011Ageas
This document summarizes Bruno Colmant's presentation at the Goldman Sachs European Financials Conference on June 8, 2011 regarding Ageas's priorities and financial performance. The presentation outlines Ageas's focus on improving operational performance, strengthening its insurance franchises, making progress on legacy issues, disciplined capital management, and a consistent dividend policy. It provides financial results for Q1 2011 showing improved insurance performance. The presentation also discusses Ageas's efforts to improve non-life performance, strengthen its insurance franchises in key markets, address legacy issues, and maintain a strong solvency position.
The document summarizes The PIPE Company, which is creating a Pre-IPO Exchange called The PIPE Platform to invest in university research and development projects. The PIPE Platform will allow projects to raise funding through multiple rounds until an exit via trade sale or IPO within 5-7 years. Investors can invest in the platform through a Loan Note currently being offered, with future plans to issue bonds and security tokens. The goal is to support 100+ investments per year and provide liquidity and risk mitigation for investors.
1) Fortis has a strong capital position with a 229% solvency ratio for its insurance activities and EUR 1.3 billion in discretionary capital in its general account.
2) Fortis aims to balance growth investment, shareholder returns, and debt repayment by prioritizing growth investments that exceed its cost of equity, and paying a dividend targeting 40-50% of insurance profits.
3) Fortis will carefully manage its capital and liquidity while exploring opportunities to strengthen existing businesses and selectively acquire new ones to create shareholder value.
Ageas's 9M results continued a positive trend, with:
- Insurance net profit of EUR 497 million, up 11%
- Gross inflows of EUR 17.8 billion, up 15%
- Group combined ratio of 97.6%
- Shareholders' equity of EUR 8.7 billion and insurance solvency of 210%
Both insurance and general account activities contributed to the overall net result, while the balance sheet remained strong.
Ageas, a Belgian insurance company, held an investor day on November 16, 2013 to review its financial targets and performance. The presentation focused on:
- Achieving an 11% return on equity (ROE) target through improving profitability, changing its business mix, and increasing profits from emerging markets.
- Strong results in the first nine months of 2013, with insurance net profit up 11% and a non-life combined ratio of 97.6%.
- Maintaining a balanced approach to using its net cash position of €2 billion, prioritizing reinvesting in the business and returning cash to shareholders.
Ageas is a large insurance company operating in Europe and Asia. It has a balanced portfolio between life and non-life insurance as well as mature and emerging markets. While Ageas has strong market positions, it faces challenges from the economic environment including low interest rates, regulatory changes with the new Solvency II regulations, and improving operational performance in non-life insurance. Ageas has taken steps to reduce risk in its investment portfolio and improve underwriting results. It remains well capitalized and is preparing for the new regulatory regime.
MBH Corporation is a UK-based investment holding company that acquires small to medium enterprises across different industries. Since 2018, MBH has grown its portfolio to 8 companies. Through its business model of acquiring companies and providing additional services, MBH aims to help its portfolio companies grow. Financially, MBH has experienced significant revenue and profit growth in recent years. Going forward, MBH is well positioned for further growth and upside potential as economies recover from the impacts of COVID-19.
The document summarizes information from the Geneva European Midcap Event 2015 presentation by TIP (Tamburi Investment Partners). It provides key figures on TIP's investments and performance over the past 10 years, including total returns significantly outperforming various indexes. TIP has invested over 1.7 billion euros in more than 10 companies with global leadership positions across various industries like technology, luxury, healthcare, and retail.
The document summarizes information from the Geneva European Midcap Event 2015 presentation by TIP (Tamburi Investment Partners). It provides key figures on TIP's investments and performance over the past 10 years, including total returns significantly outperforming various indexes. TIP has invested over 1.7 billion euros in more than 10 companies with global leadership positions across various industries like technology, luxury, healthcare, and retail.
1) The document discusses the benefits of guiding capital from successful businesses and family assets to invest intelligently in growing companies, calling it one of the most beneficial jobs in the world.
2) It then provides key figures and summaries of investments, divestments, and performance of TIP (Tamburi Investment Partners) and its portfolio companies over the past years.
3) Recent investments discussed include increases in stakes in Azimut Benetti and Octo Telematics, and financial support for an Octo management buyout.
The document provides key figures and information about TIP (Tamburi Investment Partners), an Italian investment company listed on the Italian stock exchange.
Some key points include:
- TIP has achieved a total return of over 132.6% in the last 5 years, outperforming various European indices.
- Its portfolio includes stakes in companies like Hugo Boss, Moncler, Interpump and Prysmian.
- TIP has realized investments of over €1.7 billion since 2002 and divestments of around €290 million.
- Upcoming potential transactions include investments in Azimut Benetti, Furla and further companies.
The document discusses Tamburi Investment Partners (TIP), an Italian investment company. It provides key figures on TIP's portfolio companies and investments. TIP has over €2.5 billion invested considering club deals and committed capital. It focuses on investments between €30-200 million in companies with €30-200 million in revenue. The document outlines TIP's past returns, expected IPO pipeline of portfolio companies, and team experience in private equity investing and advising entrepreneurs.
The document discusses Tip's performance over the past years, including key figures such as:
- Investments totaling around 1.5 billion Euro including club deals.
- Capital gains of around 100 million Euro over investments held for more than 10 years.
- Average annual net profit of 16.5 million Euro over the past 5 years, totaling 82.5 million Euro.
- Total shareholder return of around 193% over the past 5 years, with an annual average return of 39%.
- Consistent market outperformance compared to various indexes over the past 5 years.
This document discusses an investment group that holds stakes in 8 global leaders across various sectors. Over the past 10 years, the group has realized capital gains in about 80% of divestments. It has a market capitalization of about 60% of its portfolio's value and regularly pays a 2.5% annual dividend. The group has invested over €1.1 billion in the past decade and has demonstrated an ability to raise large funds through club deals due to its strong track record of returns. It focuses on acquiring stakes in European mid-sized companies with leadership positions and growth potential.
This document provides information on T.I.P.'s club deal group and investments:
- T.I.P. has invested 1.3 billion Euro including direct equity and club deals in a highly diversified portfolio of market leading companies across several sectors.
- Recent major club deals include a 120 million Euro investment in Eataly in 2014 and acquiring a 14% stake in Moncler for 103 million Euro in 2013.
- The portfolio consists of companies in technology, luxury/fashion/design, healthcare, food and other sectors with combined revenues of over 11 billion Euro and 40,000 employees.
The document discusses T.I.P., an investment group that holds stakes in 8 global leaders across different sectors. It highlights T.I.P.'s strong financial performance over the last 10 years through capital gains and dividends. The document also outlines T.I.P.'s investment strategy, portfolio, and recent deals; noting the disposal of its stake in Printemps department stores in France for around €42 million. Overall, the document promotes T.I.P. as a dynamic investment that has generated high returns for shareholders over the long term.
In Q3 2017, the Italian real estate investment market reached €2.1 billion, a 17% increase over Q3 2016. Office and logistics transactions accounted for €1.5 billion or 69% of the total. Milan and Rome attracted over €1 billion in investments, about half the total. Foreign investors contributed 70% of the investment volume, confirming the trend of the past three years. The North West region had the largest portion of transactions at €953.7 million.
The document discusses the performance and activities of T.I.P., an Italian investment company. It notes that T.I.P. has invested over 1.2 billion Euro across various sectors, achieving higher returns than benchmarks. Recent deals included acquiring a 20% stake in Eataly for 120 million Euro and acquiring a 14% stake in Moncler for 103 million Euro. The document also outlines T.I.P.'s plans to launch a pre-IPO fund called TIPO and issue a 100 million Euro bond.
This document provides information about T.I.P. (Tamburi Investment Partners), an Italian investment company, and its portfolio. It summarizes T.I.P.'s investments including over 1.3 billion Euro invested in direct equity and club deals across various sectors. It also discusses several of T.I.P.'s main investments such as Moncler, Roche, Bobois, and Amplifon. Financial information about T.I.P. and some of its portfolio companies is presented.
The document summarizes an Italy commercial real estate report on investment transactions in Q4 and full year 2016. Some key points:
- Q4 2016 transaction volume was €3.4 billion, doubling Q3 volume and increasing 26.5% over Q4 2015. Full year 2016 volume was €9.4 billion, a 16.8% increase over 2015.
- Office was the most popular sector at 41.6% of investment, followed by retail at 28%.
- Lombardy was the most active region, accounting for 38.4% of Q4 transactions and 34% of full year volume.
T.I.P. and other Italian entrepreneurial families, which holds a 14% stake in
- The document is a presentation from a European midcap event in Frankfurt on February 26, 2014 discussing an investment group called T.I.P.
Ruffini Partecipazioni S.r.l. (owner of 32% of Moncler S.p.A.)
- T.I.P. holds stakes in 8 global leaders across technology, luxury, and healthcare industries. It has realized capital gains in 80% of divestments over 10 years and generated a 106% total return from 2010-2013.
Moncler is a global
- Revenue increased 11.2% to €222.1 million due to additional capacities in Chongqing and strong demand for IC substrates.
- EBITDA rose 75.4% to €52 million thanks to higher earnings from Chongqing and positive valuation effects. The EBITDA margin increased to 23.4%.
- Profit for the period improved to €13.5 million compared to a loss of €11.2 million in the prior year, as investments in recent years increased productivity.
Politecnico di Milano Report - 2019 CFA Research ChallengeGiacomoFerrari6
30-pages-long Equity Research Report on Interpump Group published by Politecnico di Milano students (Giacomo Ferrari, Giovanni Righi, Paolo Farfaletti Casali, Valentinza Zanni and Andrea Monteduro) attending 2019 CFA Research Challenge
1) The document summarizes an investment group that holds stakes in 8 global leaders across different sectors. Over the past 10 years, 80% of divestments realized capital gains. The group has regularly paid dividends between 2-3% annually and generated a 115% total return since 2010.
2) The group has outperformed comparable indexes and private equity funds. It invests primarily in technology, luxury, and aging populations. Management compensation is tied to performance.
3) Over the past decade, the group has invested over 1 billion euro in companies, over half a billion euro since 2010. It currently oversees over 1 billion euro in investments focused on mid-sized European leaders with growth potential.
- The 4th quarter of 2017 saw declines in the FTSE MIB, FTSE STAR, and FTSE AIM indexes in Italy, with the number of listed companies remaining steady.
- While the AIM Italia performed poorly in the 4th quarter, 2017 overall saw strong gains thanks to 24 IPOs and 2 business combinations, with total market capitalization reaching €6 billion.
- Eight new companies conducted IPOs on the AIM Italia in the 4th quarter, including two SPACs, bringing the total listed companies to 94.
Dealroom - Q3 2018 investment update for Europe & IsraelElad Ratson
Dealroom.co provides an investment update for Europe & Israel, including major investments, exits, industry trends, country comparisons and much more. In the third quarter of 2018, €6.1 billion was invested, including four rounds valued $1 billion or more.
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This document summarizes an Italian investment conference held in Milan on May 17, 2018. It discusses Tamburi Investment Partners (TIP), an Italian investment firm, and provides an overview of TIP's portfolio, investments, and financial performance over the past 7 years. TIP has over 3 billion Euro in direct investments and club deals in leading retail, luxury, health, and technology companies. It has achieved a total return of over 287.5% over the past 5 years, significantly outperforming various stock market indexes. The conference highlights TIP's strong investment track record and pipeline of new investment opportunities going forward.
This document summarizes the investments and performance of Tamburi Investment Partners (TIP), an Italian investment company. Over the past 5 years, TIP has achieved a total return of 323.6% and average annual return of 64.7%. TIP has over 2 billion euros invested across multiple industries, with future potential investments totaling over 1.5 billion euros focused on innovation and digital sectors. TIP provides capital, networks, and skills to help portfolio companies scale globally.
This document summarizes the investments and performance of Tamburi Investment Partners (TIP), an Italian investment firm. Over the past 15 years, TIP has invested over 1.9 billion Euro in companies across industries like luxury, technology, and healthcare. TIP aims to invest over 1 billion Euro in the next few years, focusing on innovative and digital companies. TIP has achieved strong financial returns, with profits before taxes averaging 31 million Euro annually over the past 6 years and a total shareholder return of 335.1% over the last 5 years. Going forward, TIP plans continued investments in high-growth digital and technology companies, leveraging its network and resources.
This document provides financial information and performance metrics for Tamburi Investment Partners (TIP). Some key details include:
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This document provides an overview and key figures for TIP (Tamburi Investment Partners), an Italian investment company. It summarizes TIP's investments and returns over various time periods. Some key details include:
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This document provides financial and performance information about Tamburi Investment Partners (TIP). Some key details include:
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TIP has invested 1.7 billion Euro directly and through club deals in companies in Italy and abroad, with about one third of investments each in luxury/fashion, technology, and healthcare. TIP focuses on investing in Italian, French, and German luxury excellence and unique brands, and supports long-term equity stories. TIP has shown strong financial performance and is more dynamic than peer investment companies in its investment and divestment levels.
This document discusses investments and financial details related to Tip and Tipo, Italian investment companies. It provides revenue, EBITDA, employee, and investment figures for companies in Tip and Tipo's portfolios over time. Transactions completed by investee companies and the growth of aggregate revenues, EBITDA, and employees since Tip/Tipo's initial investments are also summarized.
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- On
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1. KT&Partners
Milan
November 23, 2017
We should all feel nothing but shame for the
reputation that finance has earned itself in
the last few years, but if you manage to guide
healthy capital from successful businesses
and the assets of families that wish to invest
them intelligently in companies that want to
grow, you are genuinely doing one of the
most beneficial jobs in the world.
@TamburiTip
2. Tamburi Investment Partners S.p.A.
2,0 billion euro considering direct investments and club deals
finalized in leading multinational & technological companies
2
Key investment facts
12
investments in companies with
worldwide leadership positions
~18 billion euro
aggregate annual revenues of
the main investee companies
+303,9%
total return T.I.P.
(last 5 years)
Portfolio by industry:
Luxury and design Technology Health and
silver age
Other investments
33% 32% 9% 26%
3. TIP - Group structure
Listed companies
Note: listed companies are valued at consensus
*Provided to management investment vehicle
Listed on Nasdaq
3
Listed companies
Private companies
~75 million Euro ~60 million Euro ~100 million Euro
initial investment
~28 million Euro ~65 million Euro ~ 660 million Euro ~ 140 million Euro ~ 245 million Euro
~40 million Euro ~10 million Euro
(vendor loan)
~120 million Euro 15 million Euro
(+15 in IPO)
8 million Euro
(debt instrument)*
~30 million Euro
120 million Euro ~8 million Euro~12 million Euro~25 million Euro
initial investment
~200 million Euro ~35 million Euro ~75 million Euro
Initial inv. + GH
~0,3 million Euro
advisory
StarTIP
Tamburi Investment Partners S.p.A.
4. 4
TIP stock performance
* TIP value is calculated considering the price as at 20/11/2017 plus the dividends
distributed (in case of re-investment of proceeds in TIP shares on the ex-date) plus the
value as at 20/11/2017 of treasury shares freely distributed to the shareholders
and of warrants 2010/15 on the last trading day plus the price as at 20/11/2017 of
warrants 2015/20.
5 years return
(*)
as at 20/11/2017
Price as at
9/11/05 20/11/17
S&P 500 1.218,6 2.582,1
S&P global
property
146,2 200,7
S&P global
luxury
975,7 2.577,8
S&P private
equity
139,6 141,8
Gold 460,8 1.276,6
Silver 7,6 16,9
Brent 59,7 56,1
USD 0,8 0,9
Asset class Cash Multiple
1,00 x
4,22 x
1,37 x
2,64 x
1,02 x
2,77 x
2,22 x
0,94 x
Silver
+322,0%
+111,9%
+37,3%
+164,2%
+1,5%
+177,0%
+121,9%
-6,1%
+0,3%
2,12 x
Yearly average T.I.P. total return over 5 years +60,8%
Performance warrant T.I.P. 15-20 vs
reference price as at listing +684,8%
1,49
3,54
5,51
0,00
1,00
2,00
3,00
4,00
5,00
6,00
7,00
2012 2013 2014 2015 2016 2017
Total return T.I.P.
(last 5 years)
+303,9% Total return T.I.P.
(Last year/12m)
+63,8%
November
20, 2012
November
20, 2017
November
21, 2016
5. TIP – 6 years of results
NET EQUITY AND INVESTMENTS PROFIT BEFORE TAXES
Average profit before taxes in the last 6 years 31 million Euro
Aggregated profit before taxes (last 6 years) above 187 million Euro
5
2017 results are significantly impacted by the capital gain of approximately 29,2 million Euro on the sale of ~1/3 of
Amplifon shares and the share of the result of Clubtre, equal to approximately 20,9 million Euro, related to the sale of
~1/3 of Prysmian shares.
* **
*Consolidated group equity (including minorities); **including associated companies measured under the equity method, AFS financial assets and financial receivables
175 211
360 354
449 437
618
151
181
426 431
623
644
743
31/12/11 31/12/12 31/12/13 31/12/14 31/12/15 31/12/16 30/9/17
Net equity Investments
3,4
10,1
31,7
28,9 26,8
86,1
81,0
55,8
4,7
5,4
11,3
8,3
8,9
10,1
2011 2012 2013 2014 2015 2016 9m 2016 9m 2017
Profit before tax Dividends (€ m)
6. StarTIP
Tamburi Investment Partners S.p.A.
TIP group investments and potential
6
2,5
billion Euro
considering club deals and "committed" capital
Focus
Over 1 billion that could be invested in the next few years
Pipeline of about 15 investments out of which some under intense negotiation
Target revenues
>200
million Euro
Target revenues
>200
million Euro
Equity size x deal
<30
million Euro
Equity size x deal
>30
million Euro
Investments finalized
(inc. club deals)
>1,5
billion Euro
Investment finalized
120 million Euro
residual direct capital
to be invested
430 million Euro
Target companies
Innovation and
digital focus
Capital to be invested
100 million Euro
Investment finalized
~7 million Euro
Target revenues
>1,5
million Euro
Target revenues
between 30 and 200
million Euro
Equity size x deal
between 20 and 50
million Euro
Investments finalized
(inc. club deals)
>325
million Euro
residual direct capital to
be invested
~65
million Euro
7. 23% 11,5%*
* Considering both direct and indirect stakes.
Danilo
Iervolino
6%
Management
/founders
27%
Marco Gay
4%
Innogest
6%
19%
Funds available of an unusual amount for such industry in Italy
Digital Magics for seed capital and StarTIP for the following
rounds
Unmatched (in Italy) skills and attractiveness gathered by TIP,
Digital Magics and Talent Garden
Other
investors
38,5%
Davide
Dattoli /
management
31%*
A unique combination of network, financial resources and skills
Digital Magics is the main Italian incubator, the only
with offices in 7 locations through Italy, 66 startups
in portfolio and more than 500 jobs created.
Talent Garden is the largest coworking space
management company in Europe with 18 campus, more
than 1.500 talents and 400 companies.
7
8. 8
TIP skills, network and capital will help start ups and companies with deep innovation
skills and technologies to faster scale the market
Booming market: digital and innovation is now pervasive in every sector
Early stage is one of the most promising segment in the venture capital industry but still
uncovered in italy by venture capital firm
Investment vehicle focused on digital and innovative companies
StarTIP
Tamburi Investment Partners S.p.A.
further 100 million Euro available
StarTIP therefore can provide funds, network and cross fertilization through a crucial
phase of development
9. 2015 2016 2017
18,4 62,5 ~3 ~20 ~4 4,0 ~40 ~8* ~18 ~100 13,4 ~15 ~15 ~11 9,3 ~5 ~96 >1 ~36 120 42 35 3
Dynamism
** Debt instrument provided to management investment vehicle
** Excluding “committed” capital for Asset Italia and Beta for equity component only
Amount (at cost) of investments finalized, including Club Deals
Data in million euro
Data in million euro
9
Investments / club deals TIP investment
TIPO investment
Divestments Asset Italia investment
On September 27, 2017 TIP has signed (i) the investment agreement which provides the enter of TIP (or of Asset Italia S.p.A.) into the
share capital of Ampliter through the acquisition from Amplifin, for 50 million Euro, of a minority stake, the precise percentage of
which will be calculated on the basis of the value of the consistency of Ampliter’s assets and liabilities at the closing date and (ii)
the shareholders’ agreement related to Ampliter that will become effective on the date of the closing.
2002 - '05 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Total
125 196146 239 116 47 157 129 46 124 279 175 191** 1.970
10. Update on Amplifon, Interpump and Prysmian
most recent deals
10
IPG Holding - investment vehicle of Interpump entrepreneur
Fulvio Montipò and TIP - is the first shareholder of
Interpump.
On March 20, 2017 IPG Holding has acquired from MAIS
S.p.A. n. 2.000.000 shares of Interpump through a block
trade. IPG Holding stake in Interpump is now 23,82% (fully
diluted).
TIP in IPG Holding
Investments (shares purchases,
capital increases and loan granted)
56,1 million Euro
Proceeds (disposal of shares,
dividends and refunds)
34,5 million Euro
Net capital invested by TIP 21,7 million Euro
Market value of TIP quota 205,4 million Euro
Theoretical multiple on capital
invested
9,5 x
shareholders since 2003shareholders since 2010
TIP in Amplifon
Investments (shares purchases since
2010)
34,9 million Euro
Proceeds (dividends received and
ABB)
44,3 million Euro
Net capital invested by TIP -9,4 million Euro
Market value of TIP remaining quota 75,5 million Euro
Theoretical multiple on capital
invested
3,4 x
TIP has sold - through an ABB - 3,5 million shares of Amplifon
(~1/3 of TIP stake) for a total consideration of 42,0 million
Euro.
The transaction took place within a wider medium-term
partnership between TIP and Ampliter, parent company of
Amplifon, with a future 50 million Euro investment in Ampliter,
therefore significantly higher than the funds received from
the sale of Amplifon shares.
shareholders since 2010
Clubtre S.p.A. has sold 4 mln shares of Prysmian (1.85% of share capital) for a total consideration of 97.6 million Euro.
The transaction represents a partial divestiture of the significant investment made in 2010 by TIP, within a club deal, that in
any case is maintaining through Clubtre a significant shareholding in Prysmian.
The total investment of TIP in Clubtre has been totally reimbursed and the remaining stake of TIP at market price is about 75,1
million Euro.
11. Not only a financial investor. A real long term partner
Governance
Team
More than 40 years of
professional experience in
investments and financial
advisory. A team of about 20
professionals strongly
focused on constantly creating
shareholders’ value
Governance
Deep understanding of
family dynamics and
ability to simplify
governance. Alignment
of interest with
entrepreneurs that
retain the operating
management
Lean/fast processes
Experience and dimension of
the team allows lean and fast
investment processes
Advisory
The holding structure allows soft
and rewarding exit paths, if any
Permanent capital
Long time M&A and
financial advisory
experience and
capability to
really support
entrepreneurs
A unique network
Direct access to a unique
network of about 150
entrepreneurial families able
to provide uncommon
industrial know how
2
4
65
3
1
Reliable and real
long term partner
11
12. IPO pipeline
20202016 2017 2018 2019
www.eataly.it
www.iguzzini.com
www.octotelematics.com
www.furla.com
www.roche-bobois.com
www.beta-tools.com
Listed on Nasdaq on 11/’15 - + 406%
since the IPO (market cap. of ~ 3,6 bln)
Expected
IPO
Expected IPO
Expected IPO
Expected IPO
Expected IPO
12
Expected IPO
www.adacap.com
Family and friends tranche granted to TIP / TIPO
2021
www.chiorino.com
Expected IPO
…
TIPO has invested about 7 million euro in AAA between 2014
and 2015 at an average cost of about 12,4 USD per ADS.
Novartis has recently announced the launch of a tender
offer on AAA shares at 82 USD per ADS.
15. 292
190
761
Listed investments Non listed investments
Book value Intrinsic value estimate
Industry Book value
Analyst
consensus
value(1)
Med term
intrinsic
value(2)
Luxury, fashion
and design
246 292 ~358
Technology 52 289 ~350
Health/silver
age
31 85 ~102
Asset Italia, TIPO,
other invest.
153 196 ~243
Advisory & tr.
shares
19 30 ~31
Total
investments
501 892 ~1.084
TIP group medium term intrinsic value
1. Consensus estimates: includes the analytical valuation of each investment based
on last available analyst estimates (Bloomberg)
2. Intrinsic value estimates: analytical evaluation of each investment elaborated by
TIP considering the medium-term outlook of the companies
Medium term intrinsic value estimates 2
~ 1.084
15
~ 1.084
Data in million Euro
Intrinsic value estimate by year of investment
~201*
292
2,6x
1,5x
*Using the multiple implied in the listed investments valuation the
theoretical med term intrinsic hidden value of non listed
investments might be of further ~ 201 million euro.
2,6x
493*
Luxury, fashion
and design
33%
Technology
32%
Health and
silver age
9%
Asset Italia,
TIPO, other
invest.
23%
Advisory and
treasury shares
3%
Since
2007/2008
27%
Since 2010
8%
Since 2011
8%
Since 2013
18%
Since 2014
11%
Since 2015
15%
Since 2016
5%
Since 2017
5%
T&A, tr.
shares, other
3%
190
16. 0,0
1,0
2,0
3,0
4,0
5,0
6,0
7,0
TIP Price Target price Intrinsic value
TIP group intrinsic value and consensus
in the last 5 years
TIP price, Target price and Intrinsic Value Estimate evolution since January 2011
16
A REALLY MARKET ORIENTED PUBLIC COMPANY
15
million Euro
>20
million Euro1
~20
million Euro2
31
million Euro
68
million Euro
11
years as
public
company
Free distribution
of treasury
shares
Free distribution
of warrants
2010 – 2015
Free distribution
of warrants
2015 – 2020
Buy back of
treasury shares
since the IPO
Dividend
distributions
since the IPO
1. N. 13.3 millions of warrants freely distributed in 2010; performance of 3,369.6% since the distribution.
2.«Value» of warrants freely distributed in July 2015 to be exercised within 2020 for a maximum amount of 200 million Euro.
Price per share as at 20/11/2017: 5.5 Euro
(vs intrinsic value per share of 6,0 euro)
17. 0,5
1,5
2,5
3,5
4,5
5,5
6,5
17
TIP performance as at November 20, 2017
Warrant TIP 2015 -2020
Exercise window Strike price
(conversion ratio 1:1)
1 – 30 June 2018 4,55 euro per share
1 – 30 June 2019 5,00 euro per share
1 – 30 June 2020 5,41 euro per share
Volatility of 24.3%
Average dividend yield: 2.1%
Stoxx Eur
+67.3%
S&P 500
+86.1%
FTSE MIB
+45.3%
FTSE Small Cap
+78.4%
MSCI Small Cap
+103.5%
IT Star
+253.7%
MSCI Eur
+40.4%
+270.0%
Dow Jones
+83.2%
After the exercise of n. 12.261.997 in June 2017,
the warrants outstanding are 24.683.018.
50.966
171.844
219.855 233.328
114.011
299.820
75.638
328.840
550.920
784.423
380.700
1.698.439
13
101
195
280
177
558
2012 2013 2014 2015 2016 2017
TIP volumes (#) Value of daily trading exchange (Euro) Number of trades (#)
18. Aggregate amounts of the main investee companies since first investment
to17,9
billion euro
From 12,3
billion euro
to 2,5
billion euro
From 1,7
billion euro
to
62.000
From
48.000
Annual revenues Number of employeesAnnual ebitda
+44,9% +39,6% +26,9%
18
M&A transactions completed since TIP / TIPO / Asset Italia first investment *
*without considering the investment in FCA and Ferrari
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Total
1 871 8 7 7 4 5 9 8 14 6 8 9
19. 19
550 million Euro
total capital “commitment”
on july 2016, with the contribution of ~ 30 family offices on top of TIP (directly owning a 20% stake and
being – by far – the single most relevant shareholder)
investment holding that will give each shareholder the faculty to choose – every time that a proposal
arises – each individual investments and to receive the shares of the specific class related to the
investment subscribed
in order to maximize liquidity within five years a business combination between asset italia and tip shall take
place and asset italia shares will be swapped with publicly traded tip shares based on independent and
coherent valuations
1
2
3
Italian leading leisure travel group
Capital increase of ~ 120
mln euro for a stake of
32,67%
Integrated business across the whole tourism value chain
Leading italian operator by brand awareness: first and
second player (2 brands) in Italian Tour operating market
Leading Tour Operator online
Leader in charter flights to tourist destinations with a fleet
of 9 aircraft Boeing 737 and 767
Management of 11 hotels & resorts mainly located in seaside
destinations
1,2 bln revenues
45 mln euro of EBITDA 2017E
Liquidity to be invested
20. TIP most recent investments
20
The main co-working hub in Europe
25% owned by TIP / TIP’s
F&F and 19% owned by
Digital Magics
Coworking spaces for digital ecosystems to meet, work, learn
and collaborate.
18 campuses in 6 countries, 1.500 talents working in TAG and
35,000 members of the club
TAG has completed a round of equity and debt financing of 12
million Euro mainly subscribed by TIP / TIP families and friends
and prestigious international investors.
Leader in high quality leather bags and accessories
Convertible bond of 15
million euro to be
automatically swapped into
Furla shares at IPO
2016 consolidated revenues >420 mln euro (80% abroad) with
an YoY increase of >+24% (actual exch. rate) and Ebitda of
about 60 mln Euro.
444 stores in the world (50% DOS), the products are available
in more than 1.200 multibrand and department stores.
During 2016 the group has opened an important store in
Brompton (London), acquired minority stakes of Furla business
in Australia and subscribed a joint venture agreement for the
shops in Portogallo.
world leading manufacturer of mega - yachts
Investment of ~ 40 million
euro (75% via capital
increase) for a stake of
about 12%
16 times over 18 years first in the Global Order Book
11 shipyards, a sales network of 138 dealers in over 70
countries, more than 2.100 employees.
2016 consolidated revenues around 700 million euro.
21. Chiorino, iGuzzini and Beta Utensili business cases are examples of the capability of TIP / TIPO to
help families in the process of simplifying shareholding and governance
During 2016 TIPO and TIP have structured a club deal in order
to fund the total transaction.
11.000 references, 100 distributors, direct presence abroad
with 7 subsidiaries, around 530 employees and 3 production
plants.
2016 consolidated revenues around 130 million euro and
ebitda of around 25 million euro.
TIPO most recent investments
Italian market leader in high-quality professional hand tools
21
Acquisition of 100% of the
group for ~200 million
Euro
Leading worldwide manufacturers of light-weight process and conveyor belts
Chiorino, with 2017 expected consolidated revenues of more than 110 million euro
(growth of about 8.5%) and Ebitda margin steadily over 20% in the last years, is present in
about 100 countries, generating more than 75% of revenues abroad.
Acquisition of 20% of the
group controlled by
Chiorino S.p.A.
One of the worldwide leaders in architectural lighting
Direct and indirect interest
in iGuzzini
TIPO bought a 14.3% of the group in 2015.
In July 2016 TIPO and some members of the Guzzini family have
set up GH S.r.l. to acquire 17.32% of Fimag S.p.A., that controls
iGuzzini illuminazione S.p.A. (the main asset) and some other
assets. The implicit total stake in iGuzzini is now around 24%.
2016 consolidated revenues of around 232 million euro and
ebitda of around 29 million euro.