Agenda
Registration and Coffee
Panel – The State of the market: deals in Italy
This session will discuss the most relevant deals and future investment opportunities in the Italian Large and Mid-cap space, lessons learnt and future investments. How do global large-cap investors view potential target investments in Italy? Are there enough large- cap assets for their investment appetite?
- Market expectations in the current macroeconomic uncertainty
- Which firms benefitted most from the pandemic: lessons in resiliency
- The wave of global funds’ investments in Italy: sector focus
- Do I do the deal or not? Deal feasibility across sectors, deal making scenarios, changes in strategy (GPs vs LPs) and new assessment criteria
- M&A activity: deals keep performing
Networking Break
Panel – New Private Equity business models: digitalisation and innovation
Italian private equity players are now facing new challenges in trying to scale up their size and investment activities, and Italian medium and small enterprises need to consolidate their local market position and develop visibility and market shares also at an international level. In doing so, fund managers will be requested to build new business models and adopting digital transformation could be the key to success.
- Innovative trends within Private Equity: which new business models are emerging?
- How are LPs and GPs' approaches to deals changing: new drivers and relationship potential
- A practical overview of how understanding and overcoming risks related to digitalisation help build resilience
- Impact of digital transformation on smaller businesses and how COVID-19 has helped speed up this trend
Fireside chat – A practical approach to sustainable development and ESG criteria
The rise of ESG principles of sustainability has been one of the most notable developments within the private market over recent years. For most investors, ESG due diligence is not just a box-ticking exercise but has rather become a strategic investment driver, an important step in value creation.
- Understanding the link between responsible investments and outperformance: the importance of ESG on deal-making and enterprise value creation
- Moving on from compliance to value creation: how does adopting a strong ESG policy lead to better long-term returns within private market portfolios?
- ESG impact on ratings and reputation
- How to integrate ESG into your deal practices
- The social aspects of sustainability
Networking Break
Presentation: The long view of M&A – private equity vs. corporate acquirors
If you are a corporate acquiror in 2022 then private equity is coming to eat your lunch - or to eat you. With M&A multiples at 30-year highs find out how competition between private equity and strategic acquirors for deals is driving a valuation frenzy, how private equity is gate-crashing strategic acquirors' growth plans, and how corporate acquirors are responding.
Panel – The evolution of Private Equity in Italy: new business models, opportunities and market trends
This panel will discuss how private equity is changing and how the current market trends (and the reality of the post-pandemic world) are driving this change as well as impacting it. They will also debate investment opportunities to explore the various approaches to the deal process, value creation strategies, sector views and ways of exit.
- How is the macro – rising energy costs, growing inflation and interest rates, shrinking consumers spending – going to impact the Italian Private Equity market? Which sectors are suffering the most? What is the impact on valuations and multiples of reference?
- View of players: which sectors have been blacklisted and which are rising stars?
- New dynamics: alternative sources of funding; return on expectation on asset allocations; traditional Private Equity vs alternative asset classes
- Club Deals, Search Funds and Pledge Funds: are these the current investment focus for private equity?
- Generalist funds vs. sector focused funds
- What are the viable exit routes for Italian companies in 2022?
- What is the future of SPACs?
Closing remarks from the Chair
Networking Lunch
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Giovanni has more than 25 years M&A experience primarily performed for large international corporates and private equity houses. He is graduated in Business Administration from Università Cattolica del Sacro Cuore in Milan and he isfluent in Italian (mother tongue), English and French.
His main areas of expertise include financial and vendor due diligence, pre-dealanalyses and post-deal integration, carve-outs, value creation analyses. His mainindustry focus is on Healthcare & Pharma, Business Services, Industrial Products and Retail and Consumer
Head of Research and Chief Economist, Intesa Sanpaolo.
Graduate in Economic and Social Sciences at Luigi Bocconi University, Milan. After spending a short period as a teaching assistant, he joined the Banca Commerciale Italiana (BCI) Research Department in 1983 and became Head of Research in 1995.
From 1994 to 1999, lecturer in Monetary Economics at Bocconi University.
From 2007 to 2010, Chairman of AIAF, the Italian Association of Financial Analysts. From 2015 to 2018, Chairman of the International Conference of Commercial Bank Economists (ICCBE).
He is a member of the Chief Economists’ Group of the European Banking Federation (EBF) and of the Board of Directors of Prometeia, Istituto per gli Studi di Politica Internazionale (ISPI), Fondazione Partnership per Bocconi, Associazione per lo Sviluppo degli Studi di Banca e Borsa (ASSBB), Associazione Nazionale per l’Enciclopedia della Banca e della Borsa (Assonebb), Studi e Ricerche per il Mezzogiorno (SRM), Gruppo Economisti di Impresa (GEI), Associazione Italiana Politiche Industriali (AIP), Fondazione Bruno Visentini, Fondazione Manlio Masi, Robert Triffin International Foundation, Rete Urbana delle Rappresentanze (RUR) and of some pension funds of the Intesa Sanpaolo Group.
He is also a member of the Scientific Committee of a number of economic associations and foundations.
He is the author of many publications in the fields of monetary policy and financial markets, banking and the management of public debt.
Valentina Franceschini is a Senior Partner at Wise Equity in Milan. She joined the management company in 2000 and during the past 20 years has managed several investments in Italian SMEs in different industries.
Valentina currently serves on the board of Aleph (digital printing), Corob (tinting systems), Imprima (textile printing and finishing), Tapì (T-cap closures for food and beverage), Vittoria (bicycle tires), Waycap (fashion accessories).
Prior to joining Wise Equity, Valentina was an Equity Research Analyst at Credit Suisse focusing on the Media sector.
Valentina obtained a degree in Business Administration at Luigi Bocconi University.
Matteo Zenari is Head of Financial Sponsor Group within the Intesa Sanpaolo IMI Corporate & Investment Banking Division. In his leading role he is in charge globally of the coverage activity of the Investment Banking products and services, such as Structure Finance, Mergers & Acquisitions, Debt & Equity Capital Market and Fund Financing, with Italian and International Private Equity firms. He joined Intesa Sanpaolo Group in the Financial Sponsor Group in 2017, after having headed the Mergers & Acquisitions and Co-Headed the Corporate Finance desks at Société Générale CIB in Italy. Matteo graduated at Luigi Bocconi University with an economic and finance degree.
Gianni Martoglia si occupa principalmente di mercati finanziari e di operazioni di fusione ed acquisizione, ed è specializzato nelle operazioni di private equity. In questi anni ha seguito alcune tra le più importanti e complesse operazioni di M&A dello Studio, seguendo svariati clienti industriali e finanziari italiani ed internazionali.
Si è laureato con lode all’Università degli Studi di Torino nel 1992 e dal 1996 è iscritto all’Albo degli Avvocati; Gianni Martoglia è inoltre autore di diversi articoli in materia di diritto societario e di mercati mobiliari pubblicati su alcune delle principali riviste italiane ed è co-autore del libro “Tecniche di Private Equity”.
Luca Bucelli joined Tikehau Capital in 2014 where he is currently Head of Italy. He opened the firm Milan office and started up the activities in the country performing 13 Private Debt transactions (Direct Lending and Leveraged Loans), 2 PE Real Estate investments, and fundraising from more than 50 institutional clients.
Prior to joining Tikehau, he worked for AlixPartners turnaround and restructuring practice in Paris and Milan, for Citigroup Alternative Investment fund of hedge funds in New York, and for Lehman Brothers Corporate Finance M&A in London and Milan.
Luca Bucelli holds an MBA with distinction from the New York University Stern School of Business and graduated in Business Management from the University of Florence.
Luca Peyrano is member of the Corporate Development team at ION Group and Chief Operating Officer of ION Analytics, a leading global player in data and financial intelligence for capital markets with a portfolio of established brands, including Mergermarket, Debtwire and Dealogic. With over 20 years of experience in the industry, Luca started with Borsa Italiana in 1999 with responsibility for companies’ admission to listing and then moved on to manage the SMEs markets offering until year 2007. Following the merger with the London Stock Exchange he was appointed Head of Continental Europe for Primary Markets, until when in 2016 he took on the position as CEO of ELITE, the London Stock Exchange’s private market. Prior to the that, he worked in the consumer goods sector and in the automotive industry. He holds a degree in Business Administration from Bocconi University and received an MBA from IMD in Switzerland.
Marianna, a Cambridge trained economist, is a co-founder and CEO of the corporate intelligence firm, 36Brains.
After several years conducting research and working in tech transfer, Marianna joined the US corporate investigations firm Kroll, where she rose to become Head of Southern Europe.
She left in 2020 to found 36Brains. Grasping the transformative value that big data will have on the corporate intelligence sector, Marianna has set up a budding European champion in the industry, with offices in Milan and Berlin.
A recognized expert in her field, Marianna regularly teaches courses at various universities and holds seminars in Italy and abroad, mainly England and the United States.
Marianna is a member of the Advisory Board of Transparency International Italy, a member of the Executive Committee of the Adam Smith Society and, a director of the ACFE Italy Chapter.
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.
Stefano is a Partner based in Strategy&’s Milan office, leading the Industrial Products & Manufacturing practice in Italy. He has over 20 years of experience, serving global and local clients in a wide range of industrial sectors across the different steps of the Value Chain in Italy, Europe and USA.
He has extensive experience in corporate development, growth strategy, business model innovation and digital transformations, large-scale value creation programs, including operational excellence and change management during post-merger integrations.
He is graduated in Mechanical Engineering, Automation & Robotics and holds and MBA from MIP busines school.
Laureato al Politecnico di Milano in Ingegneria Gestionale, vanta una carriera ventennale nel Corporate e Investment Banking. Prima esperienza professionale come analista finanziario in Sopaf, approda nel 2000 in Interbanca, dove arriva a ricoprire in breve tempo la posizione di Responsabile del M&A, annoverando un numero importante di operazioni di successo al fianco sia di gruppi industriali che di fondi di Private Equity, sia in Italia che all’estero. Dal 2007 al 2010 guida il team di M&A per Société Générale Corporate & Investment Banking in Italia per poi trasferirsi nel 2011 a Parigi come Global Head dei settori Consumer, Retail e Luxury sempre all’interno di Société Générale CIB, finalizzando importanti operazioni cross-border a fianco di primari gruppi internazionali, sia industriali che finanziari. Rientra in Italia nel 2014 dove viene nominato Senior Banker, Responsabile del Private Investment Banking di Société Générale CIB per l’Italia, gestendo per conto della banca le relazioni con i fondi di Private Equity, family office e grandi holding oltre che large corporate, per i quali struttura e conclude un numero importante di operazioni. Da settembre 2018 è Amministratore Delegato di Azimut Libera Impresa SGR, la società del Gruppo Azimut dedicata ai Private Assets dove a oggi ha strutturato, lanciato e gestisce più di venti fondi alternativi in tutte le principali asset class. con particolare focus sul private equity di cui è anche responsabile di divisione.
Barbara Napolitano ha seguito alcune tra le principali operazioni straordinarie di public e private M&A del nostro mercato, dove ha maturato un’esperienza ultraventennale.
Esperta di diritto dei mercati finanziari, offre assistenza in quotazioni, offerte pubbliche di acquisto e di scambio ed emissioni di strumenti finanziari equity ed equity linked.
Barbara vanta una specifica competenza in materia di operazioni di riorganizzazione e aggregazione di grandi gruppi domestici e internazionali e acquisizioni, cessioni di asset strategici di gruppi quotati.
Inoltre, si occupa della strutturazione della governance di società quotate e non quotate, pubbliche e private (grandi gruppi familiari).
Attiva in ambito ESG, con particolare riguardo ad aspetti di governance e rapporti con gli stakeholders.
E’ membro del comitato sviluppo internazionale e si occupa nell’ambito dello studio di tematiche di diversity and inclusion.
Prima del suo ingresso in Studio, Barbara Napolitano è stata socia di un primario studio legale italiano internazionale dal 2006.E’ menzionata nelle primarie directory legali internazionali per le practice di Corporate M&A e Capital Markets.
Philip is chief strategy & marketing officer at Sterling Technology, a premium provider of virtual data room solutions for M&A, capital markets, and real estate. He has more than 30 years' experience working in strategy, M&A, corporate development, and corporate finance leadership roles in management consulting, investment banking, public companies, and private equity backed firms. Philip is a non-executive adviser to startups, investment management and private equity firms. He has served as an honorary visiting fellow in finance, and as a member of the advisory board of the M&A Research Centre, at Cass Business School. He is a co-author of over a dozen published M&A research studies and papers, as well as a co-inventor and patent holder for computerised, networked secure collaboration technology. Philip graduated from the University of London with Masters degrees in computer science and finance.
Gianandrea, già membro del Consiglio di Amministrazione di DeA Capital Alternative Funds SGR da aprile 2017, è stato nominato Amministratore Delegato e Direttore Generale il 28 giugno 2017. Da luglio 2021 è membro del Consiglio Direttivo di AIFI (Associazione Italiana del Private Equity, Venture Capital e Private Debt).
Ha iniziato la propria esperienza professionale nel 1997 in Mediobanca – nel Servizio Finanziario – per poi passare nel 2000 in Lehman Brothers nel team di Investment Banking. Nel 2001 è entrato in Capitalia e poi, nel 2007, post fusione, in UniCredit dove è stato responsabile del team di Corporate Finance Advisory e del team di Financing Multinational. Nel 2011 è diventato Condirettore Generale di FondiariaSai con la responsabilità delle attività immobiliari, dei business diversificati e delle attività di M&A. Dal 2013 al luglio 2015, è stato Partner di PwC. responsabile del team M&A.
Dall’agosto 2015 al giugno 2017 è stato Direttore Strategie e Sviluppo di DeA Capital supportando il vertice della Società nelle scelte strategiche di investimento, disinvestimento e nella gestione delle partecipate.
Gianandrea si è laureato con lode in Economia Aziendale – con specializzazione in Economia degli Intermediari Finanziari – presso l’Università Commerciale Luigi Bocconi di Milano.”
Francesco Aldorisio, Partner – Private Equity, is responsible for direct investments in Europe. He is also responsible for due diligence and execution of fund investments in Italy and sourcing of secondary fund investments in Europe. Francesco is a member of the advisory board of several private equity funds and sits on the board of various companies across Europe. He joined Unigestion in 2017 with the integration of Akina into Unigestion’s private equity unit.
Francesco holds a Master’s Degree cum laude in Economics, Statistics and Social Sciences with a major in industrial economy and corporate finance from Bocconi University in Milan, Italy.