“Italian M&A has started to show signs of stress in places due to a populist turn in Italian politics with parties differing on their stances towards fiscal policy and EU membership. Whilst domestic activity has fallen of late, below 2015’s records, foreign companies seem unperturbed to make mega acquisitions.
Simultaneously, a generational change is underway in Italy affecting how Italians consume. Investors must now pursue strategies that align with the needs of the investors and a new generation of entrepreneurs.
At the Italian M&A and Private Equity Forum, now in its 11th year, dealmakers will discuss how to navigate an uncertain landscape to find investment opportunities amongst a network of senior M&A professionals. We hope to see you on 24th to set the agenda for the next 12 months of M&A activity.”
2017 Speakers included
Tommaso Paoli is founder and Ceo of N.U.O. Capital, a holding company focused on long term minority investments in Italian excellence with a significant potential in Asia. Founded at the end of 2016, as of today N.U.O has successfully completed its first two operations in the Italian market with the acquisition of a qualified stake in the wine business owned by the Moretti family (which includes brands like Bellavista and Stella & Mosca), and is completing the purchase of a minority stake of Elite, the London Stock Exchange and Borsa Italiana platform for high growth companies.
Previously Tommaso had strategic consulting experiences at McKinsey and Bain, with a focus on restructuring lines of businesses of clients of different sectors. His experience also includes the entrepreneurial start up of a new generation operator in the cloud computing arena.
As investor, today, he believes in the importance of understanding and respecting the entrepreneurial idea behind the companies he invests in.
Giovanni Ronca started his career in 1996 at Exor S.p.A. (former IFI S.p.A.) as financial analyst. From 1998 to 2007 he worked in the financial department of the Fiat Group both in Italy and the United States, responsible for capital markets transactions, bank relations, rating agencies and credit analysts. From 2004 he was part of the team led by the new CEO Sergio Marchionne that re-launched the Fiat group. In June 2007 Giovanni Ronca joined UniCredit as Senior Banker in the Markets & Investment Banking Division. In 2009, after the acquisition of Capitalia and with the restructuring of the Group, he became the Head of Italian North-West Corporate Banking region. In 2011 he was appointed Head of UniCredit Corporate& Investment Banking network in Italy. He covered this role until the end of 2013 when he was named Head of Corporate & Investment Banking Americas and Manager of UniCredit branches in North and South America, and moved to New York. From September 1,2016 he became Co-Head of UniCredit Commercial Bank network in Italy with focus on the Corporate business. Giovanni Ronca is board member of Fondo Italiano di Investimento SGR.
Mr. Pichler is Co-Head Corporate Finance Italy and Managing Director of Leonardo & Co., a joint venture with Houlihan Lokey in Italy, which provides corporate finance, financial restructuring and other strategic advisory services. He has advised numerous European companies across a wide range of industry verticals on M&A transactions, IPOs, complex equity and debt capital raises, and financial restructurings.
Prior to Leonardo & Co., Mr. Pichler spent six years at Lazard Frères, first with the TMT group in Milan and then with the M&A division in Paris, and before that, two years in Arthur Andersen’s Corporate Finance division.
Mr. Pichler holds a degree in Economics from Bocconi University in Milan.
Marianna Vintiadis is Kroll’s Head of Southern Europe. A Cambridge-trained economist with experience in policy making and analysis, she works on business intelligence and complex investigations. Marianna has successfully developed Kroll’s client base which today includes Italy’s largest corporations and financial institutions as well as its leading law firms. She has also opened Kroll’s services to the Italian SME market, which forms the backbone of the Italian economy. Marianna is currently working on the development of the cyber market in Southern Europe.
Miguel is a qualified Spanish lawyer. He obtained a degree in Law and Political Science as well as receiving his Masters of Law (LL.M) from ESADE business school in Spain and the University of Toronto in Canada. Prior to joining the company in 2012, he gained extensive experience working at reputable legal firms where he advised international businesses on all aspects of corporate and commercial law, as well as M&A transactions. Here at Tokio Marine HCC he has been working on transactions in the UK, Continental Europe, and Asia Pacific jurisdictions. Miguel speaks Catalan, Spanish, English and Italian.
Luca Fossati joined Chiomenti in 1989 and he became a partner in 2000. He has assisted Italian and international clients in the most significant Corporate M&A transactions in the Italian market, particularly in the following sectors: media; telecommunications; luxury goods; design; gaming; real estate; sport; food; automotive; electronics; consumer; health care; metal and machinery; automation. Luca Fossati has been a managing partner of the firm and the managing partner of the corporate division. He has been recognised as a leading lawyer in prominent legal international guides.
Works in Insurance industry for over 15 years. Gained experience on the Lloyd’s of London market where spent seven years prior returning to Aon Italian head-quarters in Milan, where he set up the Financial Lines specialty practice for Aon. Specialising both in financial lines programs including Directors and Officers liability, Employment Practice Liability, Professional Indemnity, Crime and now Cyber Risks as well as on insurance solutions for Mergers and Acquisitions operations, like Warranties and Indemnities and Litigation Buy Out policies. During his career he built up strong relationship with both clients and leading insurance carriers. A frequent speaker at seminars and conferences, Vincenzo holds a MSc in Economics.
20 years in investment banking and wealth management
Held senior positions in debt capital market origination and structuring, leveraged finance, distribution to institutional investors and wealth management coverage.
Head of debt capital market at Mediobanca and Bank of America Merrill Lynch. Investment Partner at Credit Suisse.
Philip is responsible for the product, sales and marketing strategy of Intralinks’ Strategic Financials business. He is also a member of the Advisory Board of the M&A Research Centre at Cass Business School, City, University of London. Prior to joining Intralinks in 2010, he worked for 17 years as an M&A investment banker and in management consulting. He began his career at Deloitte in London in the financial services practice and then worked at NatWest Markets Corporate Finance, Dresdner Kleinwort Wasserstein and in corporate development for The Rank Group Plc, as well as founding an M&A consulting firm. Philip holds postgraduate degrees in Finance and Computer Science and a BA in Linguistics, from the University of London.
Fabio Lorenzo Sattin is Executive Chairman and Founding Partner of Private Equity Partners Spa, and has over 30 years’ operational experience in the Private Equity industry both in Italy and abroad. He is Senior Adjunct Professor in Private Equity and Venture Capital at L. Bocconi University in Milan, and was Vice President and Managing Director at Chase Investment Bank (now J.P. Morgan), responsible for M&A and Equity Investment in New York, London and Milan. He is Chairman of EPS Equita PEP SPAC 2 Spa and of Equita PEP Holding Srl, member of the General Council of Private Equity of AIFI (Italian Private Equity Venture Capital and Private Debt Association), the MP3 Observatory on Public Private Partnerships of Bocconi University, the Scientific Committee of the Ca’ Foscari International College in Venice, the Past Chairmen Group of EVCA (European Private Equity and Venture Capital Association - now Invest Europe), the Advisory Board of the Italian Society of Financial Analysts (AIAF) and Faculty Member of AIFO Academy (Italian Family Officer Association). He was member of the Advisory Committee of the Italian Stock Exchange and member of the Board of directors and consultant for EBRD (European Bank for Reconstruction and Development) with reference to Private Equity and Venture Capital issues. Graduated with honours in Business Economy at the University Ca’ Foscari in Venice, he has written a considerable number of publications regarding Private Equity, Finance and Business Economy.
Raffaele Legnani is a Managing Director of H.I.G. Capital and he heads up H.I.G.'s activities in Italy. Raffaele has been investing in the Italian private equity market since 1996. Prior to joining H.I.G., Raffaele was founding partner of Atlantis Partners in Milan, the leading independent institutional investment firm focused on Italian mid-size companies in Special Situations. Before that, Raffaele has successfully invested in a significant number of buyout transactions, both directly and through specialized private equity funds (the London based Stellican and the US based Wexford Management) serving as operating board member for several portfolio companies. Previously, Raffaele worked in investment banking for Goldman Sachs in London. Raffaele graduated with honours in Finance and Business Administration from Bocconi University in Milan.
Edoardo Lanzavecchia is a Senior Patner at Alpha, a pan European mid-cap private equity firm.
Prior to Alpha, he was Founding Partner of Magenta, an Italian mid-cap private equity firm.
Between 1998 and 2005 he founded and was head of The Carlyle Group Italy. He was member of the Investment Committee of Carlyle Europe Partners I and II.
Prior to Carlyle, he was a Partner at SO.PA.F., where he managed the firm’s direct private equity investments as well as its private equity partnership.
In 1991, he was a strategic consultant with the Mac Group, and in the earlier part of his career worked at ABB in the Energy Division and as a researcher in the Plasma Physics Laboratory at the Centro Nazionale Ricerche.
Eugenio Morpurgo is Chief Executive Officer and founding partner of Fineurop Soditic S.p.A. He is also a board member of Fineurop S.p.A., Emisys Capital S.G.R.p.A., Fineurop Investment opportunities Spa, Soditic Ltd London and Chairman of Fineurop Partecipazioni S.p.A.
Since July 2017, he is member of the Board of the newly created SPACnamed SprintItaly.
In March 1984, he graduated cum laude at the Bocconi University in Milan (Degree in Economia Aziendale).
He started his career in 1985 at the financial group Matuschka in Munich in 1985 before moving to Deutsche Bank in 1987 where he worked in the corporate finance and capital markets areas in London, Frankfurt and Milan.
From 1993 to 1998 he was Head of M&A and Privatisations at SOPAF, a private financial group listed on Milan Stock Exchange.
In April 1998, Eugenio along with Fineurop and Soditic, founded in Milan Fineurop Soditic Spa, independent corporate finance boutique, active in M&A and debt advisory for family owned companies, private equity funds and multinationals.
From 2006 to 2014, Eugenio has been Professor at LIUC, University Carlo Cattaneo of Castellanza, for the Master in Merchant Banking.
Since 2015, he is Teaching Fellow at the University Bocconi, as a Professor in Investment banking (CLEFIN).
He is also member of the working group “Why not Italy?” and of the Jury of the yearly “M&A award”.
Alessandro Portolano joined Chiomenti in 2003 and became a Partner in 2008. Previously he worked with Bank of Italy, in the Competition, Regulations, and General Affairs Department.
Alessandro assists Italian and foreign financial institutions in legal aspects related to ordinary and extraordinary transactions and daily transactions with a focus on financial services, banking regulations, insurance and reinsurance, asset management, and payment services.
Between 2013 and 2015, Alessandro has been a member of the Consultative Working Group for the Corporate Finance Standing Committee at the European Securities and Markets Authority (ESMA).
Alessandro has been recognized as a leading lawyer in prominent international legal guides. Among other things, he is ranked in “Band 1” by Chambers in the Banking - Financial Services Regulations Guides (both “Europe” and “Global”).
Nick joined PwC in 1999, working in the PwC Transaction Services Group in Milan.. Since 2008 Nicola is Partner of the PwC Strategy Group in Italy within PricewaterhouseCoopers Advisory – Deals. Nick is the IP Advisory Leader and responsible of Business Development in the Deals Area in Italy from 2013.
Prior to joining PwC, Nick worked with one of major consulting house in Italy and USA. Nick has led as Project Leader assignments in Italy and Europe in all key industries for major clients in large consulting assignments relating to commercial due diligence,acquisition business plan and strategic review of major M&A and IPO processes in the private sector for Corporate and Private Equity clients in Italy and Europe; as well in strategic and business planning projects for major corporations in Italy and Europe.
Valeria Leone has been Head of Investor Relations since 2008, and Head of Competitive & Business Insight at Pirelli since 2012. Prior to joining Pirelli, she had held various senior leadership roles in investor relations, market analysis, and business planning in the telecommunications sector. Valeria Leone holds an Economics Degree from La Sapienza University in Rome and is also a member of the Italian Association of Chartered Accountants and of Certified Auditors (since 1987) and of the Italian Association of Financial Analysts (since 2001). Currently, she is also as a member of the Board of Directors for Emittenti Titoli S.p.A and Prelios S.p.A.
Ignazio Rocco has more than 25 years of experience in the financial services sector, and he is currently founder and CEO of Credimi, an invoice financing digital platform for Italian companies. He is also Senior Advisor of Tikehau Investment Management, a pan-European group of asset management that is leader in the fund management of Corporate Credit. Beforehand he has managed the practice of Financial Institutions division at The Boston Consulting Group in Central Europe. Formerly, he has dealt with Corporate Banking and Venture Capital in Akros Group, IMI Group and in 21 Investimenti. With a particular focus on innovation and alternative finance, he is graduated in Economics at the University of Federico II in Naples.
Chief Strategic Equity Officer of Cassa Depositi e Prestiti, with full responsibility of the portfolio of CDP Group from 2013. He is Chairman of F2i and of CDP Equity and CEO of CDP Reti. He is member of the Board of Directors of Saipem and member of the Supervisory Board of European Energy Efficiency Fund. He has been member of the Boards of Sace, FSI, Fintecna and CDP Immobiliare. In 2005, he joined Credit Suisse as Head of M&A for Italy, where he remained until 2013 and advised a number of the Bank’s key clients in some of the largest extraordinary financial transactions in the country. In 1991 he joined Morgan Stanley in London where he remained until 2005, initially dealing with M&A and Restructuring, and then in 1999 became COO of Europe M&A, a position he held until 2001, when he began working in the Italian Investment Banking department.
Giorgio is Senior Managing Director at CVC and is based in Milan. Prior to joining CVC in 2005, he worked for over four years in the Mergers and Acquisitions team at Morgan Stanley. He is a member of the Board of Directors of DOC Generici, Sisal, Conceria Pasubio and Lecta. Giorgio holds an MSc in Nuclear Engineering from the Politecnico di Milano and an MSc in Industrial Engineering from the École Centrale de Paris.
Giovanni is Managing Director of goetzpartners’ Italian office, based in Milan.
As a strategy advisor with more than 26 years of experience in management consulting, Giovanni addresses issues such as corporate strategy development, business due diligence, post-acquisition support, digital transformation, market entry strategy, commercial excellence, customer value management, pricing, product innovation.
In the M&A sector he partners with the most prominent private equity houses and financial investors helping them to make the right investment decisions and enhance value creation.
Prior to goetzpartners, he worked in EY as Head of Commercial Advisory Services and in L.E.K. Consulting as Partner and Managing Director of the Italian office.