Mergermarket M&A Forum Italy 2023
This event will be held in Italian.
Hotel Principe di Savoia, Milan
18
Oct
Panel discussion – Value creation strategies to support deal activity in Italy
Geopolitics have become more than just background, actively influencing the M&A markets, bringing cross-border activity under closer scrutiny and giving investors cause for caution. During the first half of the year both the number and value of M&A transactions showed a decline compared to 2022. In addition, deal value is likely to remain under pressure as debt financing for large cap leveraged buyouts is scarce. However, even though the signs of change are subtle, the M&A market in Italy is persevering, demonstrating remarkable resilience and optimism. So, how do we create value in more challenging times? How can we reduce the distance between buyer and seller in a slow market?
- Portfolio enhancement and monitoring strategies: reviewing capital structures, financing models and improving cash and liquidity management for new and existing funds
- Are multiple arbitrage opportunities, including buy-and-build and profile enhancement to drive an attractive exit rating a safe bet for capturing growth in the current climate?
- How have the parameters of ESG changed in 2023? Impact of the Supply Chain Directive and the potential of sustainable investments with EU Article 9 Funds
- Best value creation strategies amid higher cost leverage and more limited access to financing: due diligence, risk management, innovation
- The secondary market, capability investing (especially in AI) and exit strategies
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SpeakersMassimo Benedetti Managing Director PwC Italy
Marianna Vintiadis Partner and Head of Forensic Investigations & Intelligence RSM ITALY
Giovanni Amodeo Chief Influencers Officer ION ANALYTICSGiovanna Dossena CEO AVM Gestioni
Eugenio Siri Head of M&A a2a
Edoardo Canetta Rossi Palermo Partner Chiomenti
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Massimo Benedetti, PwC Italy, Deals Leader
Massimo Benedetti is Managing Director of PwC Italy Advisory line of service with a background in Deals.
PwC Italy Advisory provides end-to-end streamlined solutions from Strategic designing of the Business Planning to the Execution phase of the specific identified actions. The Advisory Deals Group supports investors, management and owners of industrial and financial groups in order to maximise the company value through deals and one off reorganization. The Advisory Transformation Group contributes to the creation of value focusing on the financial and operational aspects of the day-by-day management of activities.
Over the years, Massimo has worked in Deals with different roles, acting as Financial Advisor in the analysis of investment opportunities, in the negotiation phases and in defining SPAs clausis both in bonis and restructuring procedures.
He has been involved in numerous Italian and cross border transactions leveraging on a multiannual expertise gained in the United Stated and through the coordination of the China, Japan, Korea, Germany, US and LATAM Desks that he helped in developing.
Among his clients, to name but a few, there are some of the main Italian companies such as Conad, Pirelli, Versace, Prysmian, Telecom Italia, Luxottica, RCS Group, De Agostini, Barilla, Coesia, Crif, Mirato. He has supported several foreign investors in the Italian market such as Swisscom, Areva, Elior, Assa Abloy, Alcatel Alenia, TDF, Reed Elsevier, Wolters Kluwer, Bureau Veritas, ZTE, KEDA Clean Energy, Kerry Logistics, Haier, Suning, Tongrentang and CHP Management.
Among his recent projects is the recent disposal of the Public Sector PwC Business Unit to Gyrus Capital, the acquisition of Auchan Italy operations by Conad, the restructuring of the combined group in connection with the acquisition of Pirelli by ChemChina, the acquisition of Candy by Haier, the support to Swisscom in the acquisition of Fastweb, the disposal of Kamps GmbH and Lieken AG by Barilla, the disposal of EON’s Italian assets.
Marianna combines a deep knowledge of corporate intelligence and business investigations with an unconditional love for technology. She has a long history working with tech from her early career in technology transfer at the University of Cambridge. When she joined the industry, she first led efforts to open the Italian market to forensic techniques and then to cyber intelligence & data breach response, becoming an authority in these domains. Marianna rose to become Kroll’s Head of Southern Europe and a member of the company’s risk committee. As a manager she was responsible for both operations and network expansion. Marianna went to found the European intelligence and investigations firm, 36Brains which was merged into RSM.
Marianna has often served as a member of corporate supervisory bodies (Organismi di Vigilanza): anticorruption councils required for large companies in Italy.
Marianna’s expertise is also recognised at an academic level. She regularly holds courses at universities and institutes of higher learning in Italy, the UK and the US.
Giovanni sits on the executive committee of ION Analytics and is responsible for engaging with Influencers in the capital market globally and across asset classes. He organizes fireside chats and exclusive closed-door events to facilitate connectivity and knowledge among the influencers. Giovanni joined the company in 2001 where it held various roles in Italy, Germany, London including managing a global team of journalists and data analysts.
Edoardo focuses on complex Italian and cross-border M&A transactions, advising clients on private equity and venture capital deals, leveraged buyouts, divestitures and joint ventures involving a broad range of sectors, including fintech, media, technology, fashion and construction sectors. He also works closely with boards and senior management on their most complex and strategically significant transactions.
Edoardo received his LL.M in business law from UC Berkeley School of Law in 2011 and his J.D. from Bocconi University (Italy) in 2007. Edoardo is the author of numerous articles on mergers and acquisitions and corporate law matters.
Edoardo Canetta joined the Firm in 2011; he became Managing Counsel in 2020 and Partner in 2021. Previously, he worked as associate for leading Italian and international law firms, in particular in 2017 he was an International Associate at Debevoise & Plimpton LLP, in New York.
He is a member of the Milan Bar and graduated from Bocconi University in Milan in 2007. He received his LL.M. from the University of California, Berkeley, in 2011. He speaks Italian and English.