First Capital S.p.A.

Detailed Description

First Capital S.p.A. is a private equity firm specializing in public equity and private equity investments, mature, buyout, growth capital, and PIPEs investments in small/medium sized companies. The firm invests in different types of financial instruments: ordinary shares, special shares, convertible bonds and bonds cum warrants. The firm seeks to acquire equity positions in enterprises that are either already listed or in the pre-IPO phase. The firm has no industry limitations. It invests in all companies based in Italy. It considers investments in manufacturing and service sectors. The firm prefers to invest between €0.5 million ($0.62 million) and €10 million ($12.49 million) in companies having maximum enterprise value of 150 million ($167.90 million). The firm invests in companies whose revenues are between €50 million ($55.45 million) and €150 million ($166.35 million), Debt/Equity ratio is between 0 and 1, return on capital employed greater than 10 percent, EBITDA greater than €5 million ($5.54 million) publicly quoted market float is greater than 15% of the enterprise value and no single investment is allowed to exceed an ownership greater than 10% of outstanding equity, or 25% of the First Capital fund Net Asset Value. The firm seeks to invest through its balance sheet. First Capital S.p.A. was founded in 2008 and is based in Milan, Italy.