Saturday, September 28, 2013

TechCrunch Italy: Gipstech is the winner of the 2013 edition

GiPStech, is the winner of the second edition of Techcrunch Italy. The newborn startup, not even incorporated as a company, has charmed the jury with its technological proposal during a pitch without particular special effects: the localization of objects by exploiting a network of smartphones where GPSs do not cover with digital maps. The technology can be used, for example, within a food store to localize products on the shelves but also to signal coupons and discounts to users walking by a store. Also the search for a gate at the airport could be eased by the localization offered by GiPStech. Think of one app for museums, which before a work, could automatically launch the dedicated audio-guide, maybe allowing the "navigation" of the museum based on the preferences of the visitor and offering him/her the purchase of souvenirs based on the time he/she has been spending on the various works.

GiPStech, competed against the other seven finalists startup in these two days of high-level events at the MAXXI in Rome, after a selection among 200 applications and the crucial competition with the other 7 finalists:

Thursday, September 5, 2013

Mandarin Capital Partners exits 7.57% stake of IMA

Sino-Italian buyout fund Mandarin Capital Partners has exited I.M.A. S.p.A. after almost five years in its shareholding, reaping a good capital gain by the disinvestment. Through its subsidiaries Morchella S.r.l. and Rufus S.r.l., the fund specialized in deals between Italy and China communicated the sell of its 7.57% stake at €18.60 ($24.51) for a total of 2,789,393 equity shares (€52 Mln / $69.7 Mln) through an accelerated procedure of order collection from italian and foreign investors. The orders collection was managed by Banca IMI S.p.A. and Equita S.I.M. S.p.A. which acted as Joint Global Coordinators & Joint Bookrunners. 

According to the stocks were placed for two/thirds among foreign investors (London, Switzerland and Germany) and for one third among italian investors with a demand exceeding the offer by 1.6 times  as proof that italian mid caps increasingly attract foreign investors. The stock increased by 20.6% in the last six months and by 46% in the last year, and Mandarin profited of this (total return of 55% including dividends) cashing a good capital gain, reaping a 2.2x multiple and an IRR of 27% on its original investment.

Mandarin bought a 7% stake in IMA in October 2009 when the company

Wednesday, September 4, 2013

Aquafil buys Xentrys from Domo Chemicals and aims to global leadership

Aquafil, a global leading player in the field of production and sales of carpet yarns, has reached an agreement with Domo Chemicals on the sale of  its nylon 6 carpet yarn business to Aquafil. The business unit specialized in the production of nylon 6, known under the brand "Xentrys", located in Leuna, Germany, has a turnover of €50 million and 249 employees. Domo Chemicals will further concentrate on the global growth of its Chemicals, Polymer and Engineering Plastic businesses. Aquafil will integrate the business unit of Domo Chemicals with the target to accelerate the growth to reach the global leadership in the sector. The closing of the operation is foreseen on 1st October 2013.

On Aquafil:
Founded in 1969, the company is a leading player, in Italy and in the world, in the production and sale of synthetic fibers for textile flooring, in particular of nylon 6. The group has over 2,000 employees and 12 plants spread over three continents and seven countries: Italy, Slovenia, Croatia, USA, Thailand and China and has reached in 2012, with its division BCF, a turnover of €280.6 million. In 2011Aquafil introduced ECONYL Regeneration System ®, an innovative industrial process of regeneration for the production of nylon 6 polymer starting from: post-consumption wastes, i.e. finished products composed in whole or in part from polyamide 6 and joints at the end of the life, such as, among others: fishing nets, fluff (upper part of carpets and rugs).

Domo Chemicals is a leading strongly intagreted company for the production of caprolactam (organic compounds)/nylon 6 which serves a worldwide clientele with high-quality products in the field of nylon intermediates (phenol, cyclohexanone, caprolactam) nylon 6 polymers, polypropylene polymers, engineering plastics and BCF strings of nylon 6.
The company  reached a turnover of €800 million in 2012 and has 950 employees. The company is part of Domo Investment Group.