financing innovation through capital markets 1_stefano... · 5 second step: minibond 1 2 3 first...
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Financing innovation through capital markets
8th ECMI ANNUAL CONFERENCE10 October 2018 ∙ Brussels
GPI CASE HISTORY
3
1° HY 2018revenues +14%
EBITDA ~ 1HY 2017 headcount 4.039
A STORY OF GROWTH
2014-2017 Investments M&A
< 65 ml Euros+ 35% CAGR
+20% CAGR headcount
A3.1
4
FIRST STEP: FINANCIAL EVOLUTIONGPI OPENS DOOR TO FINANCIAL CAPITAL
STEPS 1 2 3
DECEMBER 2013NEW CAPITAL INJECTION
≈ €7M FROM PRIVATE EQUITY FUND50% from Equity Fund
50% from Minibond
≈ 10% NOMINAL CAPITAL
5
SECOND STEP: MINIBOND
1 2 3
First issue 2013€ 12 millioninterest 5,5%
Second issue 2015€ 5 millioninterest 4,6%
Third issue 2016€ 15 millioninterest 4,3%
Fourth issue 2017€ 20 millioninterest 3,0%
≈ €52 M STEPS
6
THIRD STEP: LISTING ON STOCK EXCHANGE SPAC, AIM
MAY2016
JULY2016
SEPT2016
DEC2016
27/12Admission to trading
on Borsa Italiana
1 2 3STEPS
€51M