{"id":83173,"date":"2013-01-14T14:43:33","date_gmt":"2013-01-14T13:43:33","guid":{"rendered":"http:\/\/www.stefanomarsaglia.eu\/pubblicazioni\/"},"modified":"2022-04-11T14:29:04","modified_gmt":"2022-04-11T12:29:04","slug":"private-equity","status":"publish","type":"page","link":"https:\/\/www.stefanomarsaglia.eu\/en\/private-equity\/","title":{"rendered":"Private Equity"},"content":{"rendered":"<p>[vc_row row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;3&#8243; bottom_padding=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243;][vc_column width=&#8221;1\/1&#8243;][vc_column_text]<\/p>\n<h1 style=\"font-size: 24px;\"><span style=\"color: #2a588a;\">Stefano Marsaglia is a senior investment banker specialised in private equity transactions, through which he supports the medium and long term growth of entrepreneurial and family businesses with high development potential, investing capital raised from private, professional and institutional investors.<\/span><\/h1>\n<p style=\"font-size: 17px; line-height: 1.3;\">Through Azzurra Capital, Stefano Marsaglia offers Italian and European entrepreneurs and family-owned companies the possibility of accessing alternative sources of financing and managerial skills in order to implement ambitious development plans.<\/p>\n<div>\n<p style=\"font-size: 17px; line-height: 1.3;\">At the same time, he offers international investors opportunities to deploy their capital in entrepreneurial entities, accessible only through unregulated markets, selected on the basis of the best growth prospects.<\/p>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;3&#8243; bottom_padding=&#8221;3&#8243; back_color=&#8221;color-lxmt&#8221; overlay_alpha=&#8221;50&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243;][vc_column column_width_percent=&#8221;100&#8243; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; width=&#8221;2\/3&#8243; el_class=&#8221;icon-private&#8221;][vc_custom_heading text_size=&#8221;h3&#8243; text_color=&#8221;accent&#8221;]<strong>Private Equity and growth<\/strong>[\/vc_custom_heading][vc_column_text]Private Equity funds provide the companies in which they invest with capital and expertise, assisting them in defining and implementing strategic choices aimed at creating value.\u00a0Thus, companies backed by private equity funds are growing at above-average rates, in terms of:[\/vc_column_text][vc_icon position=&#8221;left&#8221; icon_image=&#8221;84047&#8243; media_size=&#8221;50px&#8221;]Turnover: average annual growth of 5.2% from 2009 to 2019 compared to 1% for other Italian companies comparable in size[\/vc_icon][vc_icon position=&#8221;left&#8221; icon_image=&#8221;84026&#8243; media_size=&#8221;50px&#8221;]Yield: average annual EBITDA growth of 8.4% from 2015 to 2019, confirming the previous year&#8217;s figure, versus -0.1% for similar Italian companies[\/vc_icon][vc_icon position=&#8221;left&#8221; icon_image=&#8221;84044&#8243; media_size=&#8221;50px&#8221;]Employment: average annual growth of 5.3% (rising slightly steadily over the five-year period) from 2015 to 2019 compared to 0.3% for similar Italian companies[\/vc_icon][vc_column_text]<span style=\"font-size: 12px;\">Source:<\/span> <a style=\"font-size: 12px;\" href=\"https:\/\/www.pwc.com\/it\/it\/publications\/assets\/docs\/economic-impact-2021.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">www.pwc.com<\/a>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_single_image media=&#8221;84063&#8243; media_width_percent=&#8221;100&#8243;][\/vc_column][\/vc_row][vc_row row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;3&#8243; bottom_padding=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243;][vc_column width=&#8221;1\/3&#8243;][vc_single_image media=&#8221;84101&#8243; media_width_percent=&#8221;100&#8243;][\/vc_column][vc_column column_width_percent=&#8221;100&#8243; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; width=&#8221;2\/3&#8243; el_class=&#8221;icon-private&#8221;][vc_custom_heading text_size=&#8221;h3&#8243; text_color=&#8221;accent&#8221;]<strong>Private Equity and opportunities<\/strong>[\/vc_custom_heading][vc_column_text]Private equity can be used for a variety of business purposes, including:[\/vc_column_text][vc_icon position=&#8221;left&#8221; icon_image=&#8221;84040&#8243; media_size=&#8221;23&#8243; heading_semantic=&#8221;p&#8221; text_size=&#8221;&#8221; text_lead=&#8221;small&#8221; title=&#8221;Business Start-up:&#8221;]Seed financing and Start-up financing, in which the implementation of the business project and the construction of the business model are financed[\/vc_icon][vc_icon position=&#8221;left&#8221; icon_image=&#8221;84040&#8243; media_size=&#8221;23&#8243; heading_semantic=&#8221;p&#8221; text_size=&#8221;&#8221; title=&#8221;Business Expansion:&#8221;]<\/p>\n<ul style=\"margin-top: 0px;\">\n<li style=\"font-size: 13px;\">Development financing, aimed at implementing development programmes in companies that have passed their start-up phase, e.g., for internationalisation, innovation, M&amp;A projects<\/li>\n<li style=\"font-size: 13px;\">Bridge financing, temporary financing aimed at achieving the financial structure required for subsequent listing on the stock exchange<\/li>\n<\/ul>\n<p>[\/vc_icon][vc_icon position=&#8221;left&#8221; icon_image=&#8221;84040&#8243; media_size=&#8221;23&#8243; heading_semantic=&#8221;p&#8221; text_size=&#8221;&#8221; text_lead=&#8221;small&#8221; title=&#8221;Business Restructuring:&#8221;]Turnaround, investment aimed at restructuring companies in crisis through the redefinition of the business plan and operational structure for the recovery of profitability[\/vc_icon][vc_icon position=&#8221;left&#8221; icon_image=&#8221;84040&#8243; media_size=&#8221;23&#8243; heading_semantic=&#8221;p&#8221; text_size=&#8221;&#8221; title=&#8221;Governance Change:&#8221;]<\/p>\n<ul style=\"margin-top: 0px;\">\n<li style=\"font-size: 13px;\">Replacement capital, aimed at replacing part of the shareholders without having to resort to capital increases<\/li>\n<li style=\"font-size: 13px;\">Buy out, operations aimed at transferring ownership of the company to managers (management buy out) or employees (workers buy out)<\/li>\n<\/ul>\n<p>[\/vc_icon][\/vc_column][\/vc_row][vc_row row_height_percent=&#8221;0&#8243; back_color=&#8221;color-lxmt&#8221; overlay_alpha=&#8221;50&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243;][vc_column width=&#8221;1\/1&#8243;][vc_row_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_icon position=&#8221;left&#8221; icon=&#8221;fa fa-newspaper&#8221; icon_color=&#8221;accent&#8221; size=&#8221;fa-2x&#8221; text_size=&#8221;h6&#8243; title=&#8221;PRESS&#8221;][\/vc_icon][vc_column_text]<\/p>\n<ul>\n<li>Private Equity Market Poised For Growth, <a href=\"https:\/\/www.forbes.com\/sites\/forbesfinancecouncil\/2021\/06\/08\/private-equity-market-poised-for-growth\/?sh=49ef4918e37b\" target=\"_blank\" rel=\"noopener noreferrer\">Forbes<\/a><\/li>\n<li>The Active Private Equity Landscape in Europe, <a href=\"https:\/\/www.goldmansachs.com\/insights\/pages\/the-active-private-equity-landscape-in-europe.html\" target=\"_blank\" rel=\"noopener noreferrer\">Goldman Sachs<\/a><\/li>\n<li>Market volatility could reshape 2021&#8217;s wave of PE mega-exits, <a href=\"https:\/\/pitchbook.com\/news\/articles\/mega-exits-public-listings-private-equity\" target=\"_blank\" rel=\"noopener noreferrer\">PichBook<\/a><\/li>\n<li>Private Equity Markets Performed Strongly in 2021, With More Investors Expected,\u00a0<a href=\"https:\/\/www.barrons.com\/articles\/private-equity-markets-performed-strongly-in-2021-with-more-investors-expected-01645737292\" target=\"_blank\" rel=\"noopener noreferrer\">Barron&#8217;s<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_icon position=&#8221;left&#8221; icon=&#8221;fa fa-documents&#8221; icon_color=&#8221;accent&#8221; size=&#8221;fa-2x&#8221; text_size=&#8221;h6&#8243; title=&#8221;INDUSTRY REPORTS&#8221;][\/vc_icon][vc_column_text]<\/p>\n<ul>\n<li>\n<div><span lang=\"EN-US\">\u201cPrime time for private markets: Private Equity\u201d,<a href=\"https:\/\/www.pwc.com\/gx\/en\/industries\/private-equity\/private-markets\/private-equity.html\" target=\"_blank\" rel=\"noopener noreferrer\"> PWC<\/a><\/span><\/div>\n<\/li>\n<li>\u201c2020: A solid response during the pandemic\u201d, Italian Private Equity and Venture Capital Market: 2020 performance,<a href=\"https:\/\/www.aifi.it\/visualizzaallegatodocumenti.aspx?chiave=5m2642O7k4Ew4vc30jC1q43gp5Zkw9\" target=\"_blank\" rel=\"noopener noreferrer\"> KPMG<\/a><\/li>\n<li>\u201cCan Private Equity save the world?\u201d &#8211; Private Equity Trend Report 2021, <a href=\"https:\/\/www.pwc.de\/de\/private-equity\/pwc-private-equity-trend-report-2021.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">PWC<\/a><\/li>\n<li>\u201cA year of disruption in the private markets\u201d &#8211; <a href=\"https:\/\/www.mckinsey.com\/~\/media\/mckinsey\/industries\/private%20equity%20and%20principal%20investors\/our%20insights\/mckinseys%20private%20markets%20annual%20review\/2021\/mckinsey-global-private-markets-review-2021-v3.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">McKinsey Global Private Markets Review 2021<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;3&#8243; bottom_padding=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243;][vc_column width=&#8221;1\/1&#8243;][vc_column_text] Stefano Marsaglia is a senior investment banker specialised [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":84157,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-83173","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Private Equity - Stefano Marsaglia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stefanomarsaglia.eu\/en\/private-equity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private Equity - Stefano Marsaglia\" \/>\n<meta property=\"og:description\" content=\"[vc_row row_height_percent=&#8221;0&#8243; 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