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 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.
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.
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.
Covid-19 - What is the outlook for the French investment market?Knight Frank France
The spread of Covid-19 and the implementation of drastic restrictions suddenly brought the Greater Paris Region office market to an unprecedented standstill, abruptly postponing a large amount of transactional activity.
Etude PwC IPO Watch Europe Q1 2015 (avril 2015)PwC France
In Q1 2015, 81 companies conducted IPOs in Europe raising €16.4 billion, significantly higher than the same period last year. The average IPO size also increased to €282 million. The majority of proceeds came from listings on the top five exchanges, with London raising €4.6 billion and BME raising €4.3 billion. The top five IPOs all outperformed their respective market indices, with Aena rising 61.2% and Auto Trader 9.8% by the end of the quarter. Industrials accounted for the largest portion of proceeds at €5.1 billion, followed by Consumer Services and Financials.
MINIBOND SCORECARD: MARKET TRENDS - Main indicators as of July 31st 2017MiniBondItaly.it
253 minibond issues reached; a month away from the last Market Trends Minibond Scorecard, arrives the English update of the document. By observing this months’ last issues there is a clear signal that the market remains active despite the holiday season
SEGRO reported its 2020 half year results, with further earnings and net asset value (NAV) growth despite the COVID-19 pandemic. Net rental income increased 6.3% and adjusted earnings per share grew 2.5%, while adjusted NAV per share rose 2.6%. Occupancy remained high and rent collections were resilient. Structural trends in e-commerce and supply chain optimization accelerated, driving continued strong occupier demand. SEGRO is well positioned for further growth with a robust balance sheet and momentum in developments and investment entering the second half of the year.
An overview of the European venture and growth financing market in Q1 2017 based on Go4Venture’s Headline Transactions Index (HTI) http://go4venture.com/q1-2017/
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.
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.
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.
Covid-19 - What is the outlook for the French investment market?Knight Frank France
The spread of Covid-19 and the implementation of drastic restrictions suddenly brought the Greater Paris Region office market to an unprecedented standstill, abruptly postponing a large amount of transactional activity.
Etude PwC IPO Watch Europe Q1 2015 (avril 2015)PwC France
In Q1 2015, 81 companies conducted IPOs in Europe raising €16.4 billion, significantly higher than the same period last year. The average IPO size also increased to €282 million. The majority of proceeds came from listings on the top five exchanges, with London raising €4.6 billion and BME raising €4.3 billion. The top five IPOs all outperformed their respective market indices, with Aena rising 61.2% and Auto Trader 9.8% by the end of the quarter. Industrials accounted for the largest portion of proceeds at €5.1 billion, followed by Consumer Services and Financials.
MINIBOND SCORECARD: MARKET TRENDS - Main indicators as of July 31st 2017MiniBondItaly.it
253 minibond issues reached; a month away from the last Market Trends Minibond Scorecard, arrives the English update of the document. By observing this months’ last issues there is a clear signal that the market remains active despite the holiday season
SEGRO reported its 2020 half year results, with further earnings and net asset value (NAV) growth despite the COVID-19 pandemic. Net rental income increased 6.3% and adjusted earnings per share grew 2.5%, while adjusted NAV per share rose 2.6%. Occupancy remained high and rent collections were resilient. Structural trends in e-commerce and supply chain optimization accelerated, driving continued strong occupier demand. SEGRO is well positioned for further growth with a robust balance sheet and momentum in developments and investment entering the second half of the year.
An overview of the European venture and growth financing market in Q1 2017 based on Go4Venture’s Headline Transactions Index (HTI) http://go4venture.com/q1-2017/
France is an attractive location for foreign investment for several reasons:
1. It has a highly skilled workforce, particularly in research and development.
2. It has well-developed infrastructure and is centrally located within Europe, providing access to the large European market.
3. Several industries such as aerospace, automotive, and agriculture are growing and have seen foreign companies establish production facilities in France.
Sponda reported strong financial results for Q3 2016. Key highlights included continued positive performance in the shopping centre segment driven by like-for-like rental growth of 4.7% and occupancy increasing to 93.2%. Sponda largely completed its planned divestment of non-core assets, selling logistics properties and its remaining Russian portfolio. Business conditions in Finland remain positive with economic growth turning positive, record high real estate transaction volumes, and decreasing prime property yield requirements. Sponda is focused on further improving portfolio quality by investing in growth areas like Helsinki and Tampere and divesting mature properties with lower potential.
This document provides an overview of TIP's (T.I.P.O. S.p.A.) investments and performance from March 4, 2015. It details that TIP has a portfolio valued at over €4.25 billion, including investments in technology, luxury/design, healthcare, and other industries. The average EBITDA margin of TIP's main investee companies is over 16%. Since 2002, TIP shareholders have seen a total return of around 31.77% yearly, with low volatility of 19.7% compared to market indexes. The consensus estimate of TIP's intrinsic value is over €650 million.
SEGRO reported strong results for the first half of 2019, with adjusted EPS growth of 13% driven by operational excellence and continued disciplined capital allocation. NAV per share increased 3.5% to 673p, while loan-to-value decreased to 24%. The company is on track for a good full year, with good momentum entering the second half supported by structural tailwinds in the logistics real estate market and a development pipeline that could generate over £190 million in potential annual rent.
EU: Gloves, Mittens And Mitts - Market Report. Analysis And Forecast To 2020IndexBox Marketing
IndexBox Marketing has just published its report: “EU: Gloves, Mittens And Mitts - Market Report. Analysis And Forecast To 2020”. This report focuses on the EU gloves market, providing a comprehensive analysis and the most recent data on its market size and volume, EU trade, price dynamics, domestic production, and turnover in the industry. The market trends section reveals the main issues and uncertainties concerning the industry, while the medium-term outlook uncovers market prospects. The attractivity index (IB Index) summarizes the source of existing opportunities as they appear in this market, as well as an interpretation of the trade figures.
Foreign Investment in Catalonia and Catalan Investments Abroad 2015Barcelona Activa
Foreign investment in production assets1 in Catalonia was 1,959.2 M € in the first half of 20152, which represents an inter-annual increase of 280.3%, the highest value3 in this period of the data series since it began in 1993. This sharp increase in FDI into Catalonia is also seen in a more moderate fashion across the whole of Spain, where this indicator recorded an increase of 73.4% over the same period in 2014.
- Revenue for AT&S grew slightly to €790.1 million in the first three quarters of 2018/19, while EBITDA increased significantly by 15.9% to €220.5 million.
- Improved profitability was driven by efficiency gains, the absence of startup costs, and a better product mix, despite weaker demand in mobile devices and automotive.
- Earnings per share jumped 83.2% to €2.21, reflecting higher profits and stable number of shares outstanding.
Aim Italia market update Q1 2017 - Matter of Fact by CFO SIM
AIM Italia total market capitalisation grew by almost 20% in 1Q 2017 thanks to capital appreciation of existing companies (67% of growth) and new IPOs (33% of growth).
During the first quarter of 2017, the AIM market saw a sharp increase in volumes traded compared to the previous year, when monthly turnover remained virtually stable at around 26.5 million euros a month. By contrast, over 260 million euros were traded over the first three months of this year (almost +300% growth compared to the first quarter of 2016).
Dr Dev Kambhampati | Doing Business in France - 2014 Country Commercial Guide...Dr Dev Kambhampati
This document provides an overview and guide for American companies looking to do business in France. It summarizes the key points about France's political and economic environment, leading industries, trade regulations, and investment climate. The document then provides detailed guidance on entering the French market, including using agents/distributors, selling to the government, regulatory considerations, and intellectual property protection. It emphasizes doing thorough research and due diligence when developing a market entry strategy in France.
AIM Italia market update 2Q 2017 - Matter of Fact by CFO SIM
AIM Italia total market capitalisation grew by almost 10% in 2Q 2017 thanks to capital appreciation of existing companies. During 2Q 2017 there were three admissions to AIM Italia, one delisting and one company moved successfully from AIM Italia to the Main Market (MTA), bringing total listed companies to 80. The sharp increase in volumes traded noted in the first quarter of 2017 has been reinforced throughout the second quarter.
Thanks to the introduction of the PIR ‘Piani Individuali Risparmio’, or ‘Individual Savings Plan’, AIM Italia was definitely the most interesting Italian market segment in 2017 for increased liquidity and absolute performance. A total of 80 companies were listed at the end of the second quarter, with an aggregate market capitalisation close to € 4Bn.
This document provides financial and performance information about Tamburi Investment Partners (TIP). Some key details include:
- TIP has made investments totaling over €1.7 billion since 2002 in over 100 companies across various industries and geographies.
- TIP portfolio companies have averaged an EBITDA margin of around 16%.
- Between 2005-2015, TIP achieved a total return of 134.1%, significantly outperforming various stock market indexes over the same period.
- TIP's pipeline includes potential IPOs for companies such as Clubitaly, iGuzzini, and Furla in 2017-2020.
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.
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.
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.
The document discusses the importance of selling for founders of startups. It notes that more than 70% of a founder's time will be spent selling, including raising money, hiring employees, selling to customers, public relations, and potentially selling the company. The document provides tips for elements of a sale like pitching, negotiations, and closing deals. It emphasizes preparing marketing materials, ensuring the product is ready for sales, and only hiring a sales team once the sales process is repeatable.
France is an attractive location for foreign investment for several reasons:
1. It has a highly skilled workforce, particularly in research and development.
2. It has well-developed infrastructure and is centrally located within Europe, providing access to the large European market.
3. Several industries such as aerospace, automotive, and agriculture are growing and have seen foreign companies establish production facilities in France.
Sponda reported strong financial results for Q3 2016. Key highlights included continued positive performance in the shopping centre segment driven by like-for-like rental growth of 4.7% and occupancy increasing to 93.2%. Sponda largely completed its planned divestment of non-core assets, selling logistics properties and its remaining Russian portfolio. Business conditions in Finland remain positive with economic growth turning positive, record high real estate transaction volumes, and decreasing prime property yield requirements. Sponda is focused on further improving portfolio quality by investing in growth areas like Helsinki and Tampere and divesting mature properties with lower potential.
This document provides an overview of TIP's (T.I.P.O. S.p.A.) investments and performance from March 4, 2015. It details that TIP has a portfolio valued at over €4.25 billion, including investments in technology, luxury/design, healthcare, and other industries. The average EBITDA margin of TIP's main investee companies is over 16%. Since 2002, TIP shareholders have seen a total return of around 31.77% yearly, with low volatility of 19.7% compared to market indexes. The consensus estimate of TIP's intrinsic value is over €650 million.
SEGRO reported strong results for the first half of 2019, with adjusted EPS growth of 13% driven by operational excellence and continued disciplined capital allocation. NAV per share increased 3.5% to 673p, while loan-to-value decreased to 24%. The company is on track for a good full year, with good momentum entering the second half supported by structural tailwinds in the logistics real estate market and a development pipeline that could generate over £190 million in potential annual rent.
EU: Gloves, Mittens And Mitts - Market Report. Analysis And Forecast To 2020IndexBox Marketing
IndexBox Marketing has just published its report: “EU: Gloves, Mittens And Mitts - Market Report. Analysis And Forecast To 2020”. This report focuses on the EU gloves market, providing a comprehensive analysis and the most recent data on its market size and volume, EU trade, price dynamics, domestic production, and turnover in the industry. The market trends section reveals the main issues and uncertainties concerning the industry, while the medium-term outlook uncovers market prospects. The attractivity index (IB Index) summarizes the source of existing opportunities as they appear in this market, as well as an interpretation of the trade figures.
Foreign Investment in Catalonia and Catalan Investments Abroad 2015Barcelona Activa
Foreign investment in production assets1 in Catalonia was 1,959.2 M € in the first half of 20152, which represents an inter-annual increase of 280.3%, the highest value3 in this period of the data series since it began in 1993. This sharp increase in FDI into Catalonia is also seen in a more moderate fashion across the whole of Spain, where this indicator recorded an increase of 73.4% over the same period in 2014.
- Revenue for AT&S grew slightly to €790.1 million in the first three quarters of 2018/19, while EBITDA increased significantly by 15.9% to €220.5 million.
- Improved profitability was driven by efficiency gains, the absence of startup costs, and a better product mix, despite weaker demand in mobile devices and automotive.
- Earnings per share jumped 83.2% to €2.21, reflecting higher profits and stable number of shares outstanding.
Aim Italia market update Q1 2017 - Matter of Fact by CFO SIM
AIM Italia total market capitalisation grew by almost 20% in 1Q 2017 thanks to capital appreciation of existing companies (67% of growth) and new IPOs (33% of growth).
During the first quarter of 2017, the AIM market saw a sharp increase in volumes traded compared to the previous year, when monthly turnover remained virtually stable at around 26.5 million euros a month. By contrast, over 260 million euros were traded over the first three months of this year (almost +300% growth compared to the first quarter of 2016).
Dr Dev Kambhampati | Doing Business in France - 2014 Country Commercial Guide...Dr Dev Kambhampati
This document provides an overview and guide for American companies looking to do business in France. It summarizes the key points about France's political and economic environment, leading industries, trade regulations, and investment climate. The document then provides detailed guidance on entering the French market, including using agents/distributors, selling to the government, regulatory considerations, and intellectual property protection. It emphasizes doing thorough research and due diligence when developing a market entry strategy in France.
AIM Italia market update 2Q 2017 - Matter of Fact by CFO SIM
AIM Italia total market capitalisation grew by almost 10% in 2Q 2017 thanks to capital appreciation of existing companies. During 2Q 2017 there were three admissions to AIM Italia, one delisting and one company moved successfully from AIM Italia to the Main Market (MTA), bringing total listed companies to 80. The sharp increase in volumes traded noted in the first quarter of 2017 has been reinforced throughout the second quarter.
Thanks to the introduction of the PIR ‘Piani Individuali Risparmio’, or ‘Individual Savings Plan’, AIM Italia was definitely the most interesting Italian market segment in 2017 for increased liquidity and absolute performance. A total of 80 companies were listed at the end of the second quarter, with an aggregate market capitalisation close to € 4Bn.
This document provides financial and performance information about Tamburi Investment Partners (TIP). Some key details include:
- TIP has made investments totaling over €1.7 billion since 2002 in over 100 companies across various industries and geographies.
- TIP portfolio companies have averaged an EBITDA margin of around 16%.
- Between 2005-2015, TIP achieved a total return of 134.1%, significantly outperforming various stock market indexes over the same period.
- TIP's pipeline includes potential IPOs for companies such as Clubitaly, iGuzzini, and Furla in 2017-2020.
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.
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.
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.
The document discusses the importance of selling for founders of startups. It notes that more than 70% of a founder's time will be spent selling, including raising money, hiring employees, selling to customers, public relations, and potentially selling the company. The document provides tips for elements of a sale like pitching, negotiations, and closing deals. It emphasizes preparing marketing materials, ensuring the product is ready for sales, and only hiring a sales team once the sales process is repeatable.
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.
Domino's Pizza is the second largest pizza chain worldwide founded in 1960. It operates over 1004 stores across 230 Indian cities as of 2016. The company offers a variety of pizza, pasta, bread, desserts and beverages. It focuses on quality products at reasonable prices and uses promotions like discounts and time-bound delivery guarantees. Orders can be placed via call, online or mobile app. While it has strengths in outlets and delivery speed, opportunities exist in expanding variety and spaces. Competition comes from chains like Pizza Hut but Domino's differentiates on pricing and accessibility.
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 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.
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 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.
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.
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.
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.
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 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 (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., 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 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.
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.
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
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 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.
1. The AIM Italia market saw a total of 9 new admissions during the 3Q 2017, including 5 SPACs. Total market capitalization exceeded €5 billion, driven by primary offerings and capital appreciation of existing companies.
2. Trading volumes remained high during 3Q 2017 despite typical summer slowdown, with €555 million traded overall and September seeing the highest monthly volume ever for AIM Italia.
3. Top performing sectors included financials, technology, and industrials. The number of companies with market capitalization over €100 million grew, demonstrating increasing average company size on the AIM Italia market.
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:
- TIP has invested over €2.5 billion in listed and private companies in Italy, generating a total return of 166.8% over the past 5 years.
- Their portfolio has outperformed major indices like the S&P 500 and global property and luxury sectors.
- TIP focuses on investing in companies with revenues between €30-200 million, targeting equity investments of €20-60 million.
- Their team of over 40 professionals provides financial advisory services and access to a network of 150 entrepreneurial families.
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:
- TIP has invested over €1.5 billion total since 2002 across various industries in Italy.
- In the last 5 years, TIP has achieved a total return of 164.2% and average yearly return of 32.6%, outperforming various indexes.
- TIP's current assets under management are over €2.5 billion including committed capital, with a pipeline of about 30 potential new investments.
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 contains financial information about Tip, an Italian investment company, including key figures such as total investments made, returns on divestments, and industrial sectors represented in their portfolio. Over their history, Tip has invested over 1.5 billion Euro in 10 companies with worldwide leadership positions and average EBITDA margins above 17%. Their portfolio has a mix of technology, luxury/fashion, healthcare, and other industries. Recent years have seen capital growth and an average annual net profit of 16.5 million Euro.
The document discusses the investments and performance of TIP (Tamburi Investment Partners) over several years. Some key points:
- TIP has made over 1.5 billion Euro in investments since 2002 in over 100 companies, and obtained capital gains in 80% of divestments.
- The companies in TIP's portfolio have increased revenues 33.6% to over 13 billion Euro, EBITDA 32.1% to over 2 billion Euro, and employees 24.6% to over 55,000 since TIP's initial investment.
- TIP's investments are focused on companies with worldwide leadership positions in industries like technology, luxury/fashion, healthcare, and others.
- On
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1. May, 11 2016 - London
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. Tip – numeri chiave
2
Listed companies Private companies
sold in april 2016
Listed on Nasdaq
3. Tip – numeri chiave
3
10 YEARS OF LISTING 5 YEARS RETURN
(*) Consensus value – for listed companies – reported on Bloomberg
(**) TIP value is calculated considering the price as at 6/11/2015, the dividends
distributed (in case of re-investment of proceeds in TIP shares on the ex-date), the
value as at 6/11/2015 of treasury shares attributed for free, the price of
warrants 2010/15 on the last trading day and the price as at 6/11/2015 of
warrants 2015/20
(**)
as at 29/4/2016
Asset class 9/11/05 6/11/15 Cash multiple
TIP 1,8 4,8 2,67 x
S&P500 1.218,6 2.579,6 2,12 x
S&P global property 146,2 201,6 1,38 x
S&P global luxury 975,7 2.281,3 2,34 x
S&P private equity 139,6 137,2 0,98 x
Gold 461,4 1.088,9 2,36 x
Silver 7,6 14,7 1,93 x
Brent 59,7 44,4 0,74 x
US dollar 0,8 0,9 1,10 x
Total return T.I.P.
(last 5 years)
+132,6%
Yearly average T.I.P. total return
(last 5 years)
+26,5%
Total return T.I.P.
last year
-7,0%
Total return T.I.P.
from Dec. 31st, 2014
+25,2%
Performance warrant T.I.P. 15-20 vs.
reference price of Borsa Italiana as at
24.7.2015 (0,1784 euro)
+137,9%
4. Tip – numeri chiave
Free distribution of warrants 2015 – 2020
4
10 years
public
49 mln Euro
31 mln Euro
15 mln Euro
>20 mln
Euro
~20 mln
Euro
1. N. 13,3 million of warrant freely given in 2010, performance of 3,369.6% since the distribution.
2. «Value» of warrants freely given in July 2015 to be exercised within 2020 for a maximum amount of
200 million Euro (equal to capital increases in case of exercise). Performance from the allocation
to April 29, 2016 of +137,9% (imp. yield of 2,9%)
1
2
Dividend distributions since the IPO
Buy back of treasury shares since the IPO
Free distribution of treasury shares
Free distribution of warrants 2010 – 2015
5. Tip – numeri chiave
Realized investments including Club Deal
(million Euro – at cost)
TIP direct realized investments
(million Euro – at cost)
Divestments for about 290 million
Euro over the period
Capital gains of more than 105
million Euro over the period
Capital gains obtained in more than
80% of divestments
* Including the investment in Furla announced on May 2, 2016
5
125
146
239
116 47
157
129
46
124
279
175
117 1.700
2002-'05 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Total
*
61
61
55
70 9
74
43 14
69
111
162 24 728
2002-'05 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Total
*
6. Tip – numeri chiave
6
Book value
Consensus
estimates 1
Amounts related to cash have been calculated net of short-term financial assets (liquidity investment in bonds) and liabilities and gross of bonds outstanding
due to their long-term nature.
1. Consensus estimates: includes the analytical valuation of each investment based on analyst estimates (Bloomberg) as at 29/04/2016
2. Intrinsic value estimates: analytical evaluation of each investment elaborated by TIP considering the medium-term outlook of the companies
Data in million Euro
~415
~ 625
Intrinsic value estimates 2
~ 835 ~ 835
Since 2007/2008
since 2010
since 2011 / 2012
since 2013
since 2014
since 2015
6
Cash available and
other
Assets
Hugo Boss
Moncler
Interpump
Prysmian
Amplifon
Eataly
Azimut Benetti
Ferrari
Roche
Bobois
Be
Noemalife
Other (net of
financial debt)
Technology
Luxury /
design
Healthcare
and third age
Food & retail
Cash and
other
7. Tip – numeri chiave
50.966
171.844
219.855
261.220
75.638
328.840
550.920
875.909
13
101
195
280
-
50
100
150
200
250
300
350
-
100.000
200.000
300.000
400.000
500.000
600.000
700.000
800.000
900.000
1.000.000
2012 2013 2014 2015
TIP volumes (#) Value of daily trading exchange (Euro) Number of trades (#)
FTSE MIB
-17,0%
FTSE Small Cap
-25,7%
MSCI Small Cap
+43,1%
IT Star
+98,2%
MSCI Eur
+17,3%
Stoxx Eur
+30,2%
+113,3%
Volatility of 22,2% (vs 27,7% of Ftse Mib)
Average dividend yield: 2,4%
7
Dow Jones
+38,8%
S&P 500
+51,7%
In 98% of days TIP has overperformed
European reference indices
Target price
Price per share as at 29/4/2016: 3,14 Euro
(average target price premium on current
share price. +19,1%)
3,67 Euro
3,80 Euro
23 / 3 / 2016
19 / 4 / 2016
x11,6
0,500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
8. Tip – numeri chiave
2015
Investments / club deals
Divestments (TIP stake)
18,4
62,5 3,1
~ 20 4,1 4,0
Data in million Euro
~ 40
Average annual investments on non current assets
of the previous year (2011-2014)
Average annual divestment on non current assets of
the previous year (2011-2014)
0,0%
2,0%
4,0%
6,0%
8,0%
10,0%
12,0%
14,0%
16,0%
18,0%
20,0%
7,8%
19,8%
"Investment companies" index T.I.P.
0,0%
2,0%
4,0%
6,0%
8,0%
10,0%
12,0%
14,0%
16,0%
18,0%
20,0%
6,4%
11,7%
"Investment companies" index T.I.P.
~ 18
~ 8
8
~100 13,4
2016
*Investment companies index: panel that includes Camfin, CIR, Mittel, Dea Capital, Exor, Intek / KME and Italmobiliare.
15
9. Tip – numeri chiave
9
M&A transactions completed by
investee companies since TIP / TIPO
entrance in their share capital
Since TIP/TIPO first investment the total aggregate of the main investee companies has increased:
in terms of annual revenues, from 10,8 to 15,7 billion Euro (+44,6%)
in terms of annual Ebitda, from 1,6 to 2,3 billion Euro (+41,3%)
in terms of number of employees, from about 46.000 to about 61.000 (+32,9%)
1 1
8
7
7
4
5
9
8
14
6
3 73
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Total
10. Tip – numeri chiave
*considering the intrinsic value: analytical valuation of the assets elaborated based on investee companies’ forecasts
Investments in more than 10 companies with worldwide leadership positions
“Value consensus” of the investments as at today, including club deals ~1,9 billion Euro
Average Ebitda margin of the main investee companies of about16%
TIP industrial “content” in the last few years has been*: (i) technology: between 25% and 41%; (ii)
luxury / design: between 12% and 40%; (iii) healthcare / third age: between 10% and 17%; (iv) other
industries: between 16% and 30%; (v) cash: 0% / 17%.
Nov. 2015
AAA (TIPO)
2017
Clubitaly iGuzzini (TIPO)
2018/2019
EXPECTED IPO PIPELINE
10
2016
Octo
Telematics
Key figures
2017
Furla TXR
2017/2018 2019/2020
BETA (TIPO)
11. Tip – numeri chiave
NET EQUITY AND INVESTMENTS
*Consolidated group equity (including minorities)
**including associated companies measured under the equity method, AFS financial assets
and financial receivables
Average net profit before tax in the last 5 years
20 million Euro
Aggregate net profit before tax of the last 5 years
101 million Euro
Data in million Euro
5 YEARS OF PROFIT BEFORE TAX
*
11
**
175
211
360 354
449
151
181
426 431
623
31/12/11 31/12/12 31/12/13 31/12/14 31/12/15
Net equity Investments
3,4
10,1
31,7
28,9
26,8
2011 2012 2013 2014 2015
12. Tip – numeri chiave
12
Cons. data in Euro mln Sales Ebitda notes on profits
Amplifon 1.034 167 all time record
Be 115 15 All time record
Bolzoni 138 14
sold in April 2016
capital gain of 90%
Eataly ~380 25/30 all time record
Ferrari 2.854 748 all time record
Hugo Boss 2.809 594 all time record
Interpump 895 180 all time record
Moncler 880 300 all time record
Prysmian 7.361 623 ~ 4% from record
(raw materials effect)
Roche Bobois ~250 25/30 all time record
13. Tip – numeri chiave
world leading manufacturer of mega - yachts
15 times over the past 16 years ranked as first in the Global
Order Book
controls Fraser Yachts, the world’s leading full - service
yachting company and many valuable port concessions
11 shipyards, a sales network of 138 dealers in over 70
countries, approximately 2,179 employees; annual value of
production of over 650 million Euros
Total investment of about
40 million euro for a stake
of about 12% of the share
capital
13
Investment of about 10
million euro
global leader in providing insurance telematics services
market share of about 37% and a leading position in Italy, USA and UK
3,7 millions of customers use today its services
employs 238 people of which 68 dedicated to IT and R&D
Acquisition of 100% of the
group (club deal) for ~200
million Euro
market leader in Italy in the production and
distribution of high-quality professional hand tools
catalogue with more than 10,000 references
about 530 employs
3 production plants, more than 100 distributors worldwide,
direct presence abroad with 7 subsidiaries
14. Tip – numeri chiave
14
Digital is now pervasive in every sector
Seed capital - early stage is one of the most
promising market
Digital Magics is the main Italian incubator
Talent garden is the main European hub of co-
working
Digital Magics: total revenue of the startups in
2015 of over 32 million euro (18 million euro in
2014, + 74%). Target 2017: 100 million euro
TAG: 17 campuses in 4 countries. Target 2017: 50
campus in Italy and Europe
53 startups in portfolio
More than 60 startups have joined incubation
programs
More than 500 jobs created
Open innovation programs with major Italian
companies such as Poste Italiane, Nice, RCS, Uvet,
Il Fatto Quotidiano and others
Booming
market
Leadership
Open
innovation
+
seed capital
+
early stage
Growth
TIP has invested, through a capital increase and with subsequent purchases on the market, about 5
million euro and today represents the first single shareholder with a share of over 18%; Digital
Magics has allocated part of the proceeds of the capital increase to raise its stake in Talent Garden
to 28%
1. "Preferred"
access to digital
markets
2. Support to TIP /
TIPO investee
companies to
approach digital
markets and
identify
"contiguous"
startups
3. Investment
opportunities in
the most promising
startups for TIP /
TIPO
15. Tip – numeri chiave
1. the establishment of a new company with a substantial level of “callable” capital, ideally several
hundreds of millions, but – unlike similar initiatives - with no mandatory subscription of each
proposed investment; effectively every investor will retain the option to subscribe, from time to
time, only those transactions considered “worthwhile” of their tranche payment, except for TIP
which will mandatorily subscribe to all rounds of investments
2. the number of participants will be restricted and TIP will offer them the option to invest
through the club deal format for a five-year period on an exclusive basis
3. ASSET ITALIA’s Board of Directors will mainly be composed of third-party investors
4. TIP will propose to its Board of Directors to participate with around 100 million Euro (or at
least 20% of the total capital), will ensure - at minimum cost - the operating and commercial
support and will retain - as a company and not to at its individual partners level – a percentage of
any final profit based on reasonable metrics (5% instead of the customary 20%), over a
threshold of 50%
5. in order to maximize liquidity at the envisaged end of the investment horizon, after a 5-year period
all shares in Asset Italia will be swapped with publicly traded TIP shares based on independent
and coherent valuations
15
THE club of TIP club deals
16. Tip – numeri chiave
16
Convertible loan of 15
million euro to be
automatically swapped into
Furla shares at the listing
one of the leaders worldwide in the production and sale of high quality
leader bags and accessories
415 shops in more than 100 countries with more than 1,550 employees
2015 revenues amounting to 339 million Euro, 80% out of Italy, (+30%), 44 million euro
EBITDA (+29%)
Listing on Milan stock exchange foreseen in 2017
During 2015 Furla opened many shops all over the world among which the most relevant were the flagship store in Rome -
in Piazza di Spagna, on the Scalinata di Trinità dei Monti - New York, Hong Kong, Madrid, Moscow, St. Petersburg, Vienna,
Macau e Singapore and has a plan to open, in 2016, further important shops in London, Paris, Melbourne and Shanghai