Post on 11-Apr-2017
transcript
Corporate Presentation 2017 March
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THE COMPANY
FEIDOS was established in 2006 by a pool of Partners leaded by Massimo Caputi
• Supports to financial institutions, such as banks and private investors, promoting, structuring and co-investing in innovative projects
• Strong capability on originating and arranging complex investments, co-investing along with selected partners with a club deal approach
• Team of professionals with proven skills and track record in the asset management and financial industry
• iTi - independence Transparency innovation are FEIDOS’ Values
is an Investment and Strategic Advisory company primarily focused on:
an Italian independent player in a European network of financial and industrial partners and alliances
REAL ESTATE FINANCE | GREEN ENERGY | LEISURE/HOTELS | NON-PERFORMING LOANS
Feidos' strategy is focused on a strong value creation for Clients and Investors reached by a flexible and dynamic business model based on: team skills, integration and flexibility, and a partnership approach with clients and investors
STRATEGY AND BUSINESS MODEL
T E A M
Transparent Partnership Approach with Clients and Investor
P A R T N E R S H I P
Integration and Flexibility of Market knowledge and financial approach
K N O W H O W Agile Deal Execution
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The Company shows its commitment to deals by co-investing along with Partners and by playing the role of active co-Investor and asset manager
GREEN ENERGY LEISURE REAL ESTATE
VINTAGE
FARE NPL SPV SRL
F o n d o C O P E R N I C O
BYOM
NPL
R O M A
MAIN BUSINESS CLUSTERS IN THE LAST YEARS
ECLIPSE 1 SRL
M B R E
P I S A
P R I S C I L L A S R L
R E V A L U T A I T A L I A S R L
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O S T I E N S E 2
R O M A
FEIDOS GROUP CHART
7/119 - 5,9% 286/18.909 - 1,5%
Fondo Sei Castello Sgr
Investments in Funds
Omicron Plus Idea FimitSgr
Pitagora Fabrica Sgr
10/1.320 - 0,76%
MB Real Estate Srl
50%
Ostiense 2 Srl
33,3%
Revaluta Italia Srl
50%
L&L Srl
98%
Priscilla Srl
Trophy ValueAdded IdeaFIMITSgr
25/410 - 6,10%
Prelios Spa
3,237%
EclIpse 1 S.r.l.
Exibeat Srl
25%
FARE NPL SPV S.r.l.
Investments in NPLs
30%
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MAIN DEALS - 1
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2016 2016
Investment Advisory UCCMB
PRISCILLA 14
Property Acquisition
2016
Investment Advisory Trophy Value Added
2016
Partecipation disposal (Martis Calasanzio)
2016
Capital increase subscription
(Patto Sindacato)
2016
Units subscription
Idea Fimit’s Fund
2016 2016
Company constitution Credit acquisition ITF e Az.
Agricola Pianese
Revaluta Italia Srl
NPL Investments
ECLIPSE 1 Srl
MAIN DEALS - 2
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2015
Disposal of Fenice SRL partecipation through
Feidos 11
2015
Establishment of Priscilla Srl
2015
Credit Project Start
2014
Partecipation disposal
2014
AuCap –Martis Calasanzio works
2014
NPL Investments
FARE NPL SPV
PRISCILLA 14
PISA Srl
MAIN DEALS - 3
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2013 2013 2013
2013 2013 2013
Units disposal
Fondo Copernico
Credit Project Start "Leisure Hotel"
project
Establishent of MB Real Estate
MB RE
Prelios SpA Capital Increase
Sale of BYOM SpA
BYOM
MAIN DEALS - 4
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2012 2012 2012
2012 2012
Exit from
IDeA FIMIT SGR
Co-Advisory Hotel chain acquisition
Stake sale, Harvip SpA (NPL)
HARVIP
Acquisition of an UCI Unsecured NPL Portfolio
Start Up project, «Leisure Hotel»
MAIN DEALS - 5
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2011
2011
Merger between
Fimit SGR and Fare SGR
2011
Advisory for the sale of MITA
2011
Disposal of
ZERO SGR
2011
Stake Acquisition
2011 2011
SGR PISA Srl
2011
Stake acquisition
Stake acquisition Harvip SpA (NPL)
Acquisition / Disposal of GEAL Srl
Ostiense2
GEAL Srl HARVIP
Project financing in the solar energy sector
MAIN DEALS - 6
11
2011
2010 2010 2010
Sale of solar plants
Launch and set-up of the Copernico Fund
Underwriting of Copernico Fund quotas
Establishment Green Energy Company BYOM
BYOM
MAIN DEALS - 7
12
2009
2008 2008
Disposal of 100% of the Butterfly stake
Advisory on the
II asset contribution
Advisory on a New Fund for Fondiaria SAI
2009 2009
Launch of the real estate
hedge fund
Launch of the real estate hedge fund
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MAIN DEALS - 8
13
2008
Advisory in the launch
of the fund for the
UNICREDIT transaction
2008
Advisory in the launch of the fund for the IMMIT
transaction
2008
Sales of the 10% of a real estate AM company
2008
Acquisition of the 27% of a real estate AM company
2008
Advisory on a New Fund for Fondiaria SAI
Launch of the real estate hedge fund
2008
Launch of the Tyche
Fund
2008
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2008
Corporate real estate
advisory
MAIN DEALS - 9
14
Public offering on Fondo Immobiliare
2007
Corporate real estate advisory
Corporate real estate advisory
2007
Launch of the master in
Real Estate Finance
2007
2007
MAIN DEALS – 10
15
2006
Establishment of
ZERO SGR
2006
Placement Fondo Pitagora
2006
Corporate real estate
advisory
2006
Global advisory Fondo Aristotele
2006 2006
Corporate real estate advisory
Fair value valuation of real estate portfolio
Establishment of
FEIDOS Real Estate
Investment Partners
2006
PORTFOLIO REAL ESTATE
Feidos is part of consortium of investors (comprising national and international financial institutions and leading real estate enterpreneurs) owning a stake in Prelios Group equal to – in aggregate – 23.2% of the voting capital *)
* The stake of Feidos into Prelios is equal to 3.2% (14% of the consortium).
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Source: http://www.prelios.com/en/investors/azionariato.html.
Prelios Share capital with voting rights
Prelios Shareholders’ Agreement* 23.2%
Prelios is a leading European alternative asset management group providing a full range of real estate services. It acts through different operating companies which together form a well-known network rewarded for its quality, efficiency and reliability The Group has been listed on the Italian Stock Exchange since 2002
CASE STUDY
THE TEAM
Immobiliari Italiani SGR S.p.A.) a real estate asset management company. He left FIMIT in early 2007 and in July 2008 he joined the Company again as Partner and CEO when FIMIT had 1.7 bn of AuM. In 2 years, FIMIT SGR became the first Italian investment company with € 6 Bln AUM. In 2011 he managed the merger with First Atlantic Real Estate (FARE SGR), a subsidiary of De Agostini Group creating the first player of the RE industry with around 10 bn of AuM: IDeA FIMIT SGR. He was Managing Director for Italy Business Development until April 2012 when he exercised a put option and disposed his stake in IDeA FIMIT.
From 2002 to 2005 he was CEO of Sviluppo Italia S.p.A. (the National Company with the mission of Attracting Foreign Investments to Italy) which, under his leadership, in three years, collected over € 1 bln investments and made profit for over € 10 mln. He also held the office of Director in many companies of the Group.
In June 1996, Ferrovie dello Stato Italiane appointed him as CEO of the company Termini S.p.A., that in 1998 became Grandi Stazioni S.p.A., with the objective to develop a “pilot project” to “make profitable” the management of Roma Termini Railway Station. He led the Company privatization and launched new projects for the renovation and improvement of large national and international railway stations. The Company has been recently sold to Antin for around 1 bln Euro.
He also was in several Board of Directors among others: 2001 - 2010 ACEA S.p.A.; 2004 - 2007 LUISS; 2003 - 2006 Monte dei Paschi di Siena S.p.A., and in several companies of the Monte dei Paschi di Siena Group. He started his professional activity in the engineering family business, and in 1983 he set up Proger, that he left in 1996, operating in Italy and abroad. Beside his professional activity, he also worked as entrepreneur, by acquiring shareholdings and creating companies operating in the service and engineering sectors. He graduated in Construction Engineering in 1977.
MASSIMO CAPUTI Chairman founder and majority shareholder of Feidos S.p.A., From 2016 Senior Partner of Negentropy. From June 2014 is Deputy Chairman of Assoimmobiliare the Italian RE Industry Association, part of the Confederation of Italian Industry (known as Confindustria).
From May 2013 to October 2015 was Executive Deputy Chairman in Prelios S.p.A, with Mandate on Business Development for the turnaround of the Group. Prelios is an European service real estate platform listed on the Milan Stock Exchange since 2002 (previously named Pirelli RE).
From 2000 to 2007 and from 2008 to 2011 he was Chief Executive Officer of FIMIT SGR (Fondi
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Stefano Giardini - Deputy Chairman and Partner- has joined Feidos in 2006. Today is responsible for investments and financial planning, From 2013 he is member of the Advisory Board of Omicron Plus fund, managed by IDeA FIMIT and from 2016 of the Investment Committee of Negentropy. From 2012 to 2015 Stefano has been a Prelios Credit Servicing Member of the Board of Direction. Prelios Credit Servicing is a Prelios operating company focused on the non-performing loans (NPLs) management. He was in charge on several corporate finance projects as Feidos such as the merger for incorporation between FIMIT SGR and FARE SGR, the takeover bid on Beta Fondo Immobiliare, a real estate investment fund managed by IDeA FIMIT or the start-up of investment funds such as Omicron Plus, Omega Rho and Copernico. In 2014 Stefano, with others qualified managers, has started-up an advisory firm named FAS Partners, supporting selected investors for no-real estate investment in Italy.
THE TEAM
Massimo Paris - Chief Executive Officer - has joined Feidos in 2008. Since 2014 his serves as CEO, from 2008 to 2014 was Chief Financial Officer. He has participated to all the transactions investment of the company, the most important are: Feidos 11, Harvip, IFIM, BYOM and MITA Resort. From 2001 to 2008 Massimo has served as Chief Financial Officer for Immobiliare Foro Bonaparte, a company formed as a joint venture between American Continental Properties Inc. Real Estate and ENEL. From 1998 to 2001 Massimo has been Head of Administration of Warner Village Cinemas, a leading company operating in the multiplex cinema industry. From 1990 to 1998 he has worked at Vitrociset.
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THE TEAM
Luca Turco - Director of Special Projects - He is a Partner of Negentropy and Chief Executive Officer of Negentropy Capital Partners Italia. Luca has spent the majority of his career in the Italian real estate sector. Prior to joining Feidos in 2016, he headed the Institutional & Capital Market Business Development of Prelios S.p.A., which he joined in 2013. From 2012 to 2013 he was Director at Feidos S.p.A. and structured the investment of Feidos 11 in Prelios. From 2008 to 2012 he was Business Development Manager responsible for new real estate funds at Fimit SGR S.p.A. (now IDeA Fimit SGR). From 2007 to 2008 he was Real estate finance consultant for primary industrial and real estate groups at Feidos S.p.A.. From 2005 to 2007 he was Analyst Business Development Group at Fimit SGR S.p.A.. In 2004 he was Junior analyst in the Investor Relations Team in Rome (staff of the CEO) at Capitalia S.p.A.
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MARCO ALBI MARINI - Senior Asset Manager - has joined Feidos in 2013. He is the project manager of the main origination and renovations operations of assets in the touristic (i.e. hotel), residential, commercial and office sectors. Before joining Feidos, Marco was Project and Construction Manager in leading real estate companies such as Leonardo Caltagirone Group, Ingenium Real Estate and ITALSOCOTEC, where he managed complex projects (over 100 million euro of budget) such as the coordination of the design and construction works at the Winter Olympics in Turin in 2006; the Da Vinci Business Center (Rm); Interport of Nola (Na) and the University complex in San Giovanni Teduccio (Na). He also worked on technical advisory as part of due diligence processes for over € 400 mn of works including the acquisition of Forte Village resort in Sardinia. From 2008 to 2012 he has been Professor of Project and Construction Management Masters in Real Estate Finance at the LUISS Guido Carli University in Rome.
Patrizia Scafati - has joined Feidos in 2011 as Project & Construction Manager and Works Supervisor. She was born in 1977 and lives in Rome where she got graduated in Construction Engineering at “Sapienza” University in Rome. She is qualified to practice it.
Since 2003 Patrizia works in reconditioning environment, restoration and enhancement of buildings. She follows the whole development process: from the analysis of the urban feasibility up to functional, architectural and technological requalification. She handles the construction site set-up and the implementation of the project. Moreover Patrizia follows, as Project Manager, a lot of requalification works in Italy and abroad.
THE TEAM
Giulio Tersigni joined Feidos in 2016 as advisor for valuations and structuring of acquisitions.
Giulio is chartered accountant, statutory auditor and member of Business Advisory Committee of ODCEC – di Roma; he is expert in valuation and has been speaker at La Sapienza and Tor Vergata universities and ODCEC of Roma and Naples. Before being a chartered accountant in 2008, Giulio has been an employee of multinational companies in Italy and abroad (London and Amsterdam), was senior manager of PricewaterhouseCoopers - Corporate Finance Department, during which he has advised several clients in the contest of corporate finance and transaction services, and was Chief Financial Officer of Pirelli Real Estate Netherlands BV, during which he has been member of board o directors of several PRE Group companies.
Graduated in Economics in 1997, he also worked at Kingston Smith, London-based advisory services, and at Arthur Andersen - Banks and Finance Department.
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CONTACTS
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REAL ESTATE FINANCE | GREEN ENERGY | LEISURE/HOTELS | NON-PERFORMING LOANS