For years we have heard that in Italy there are few investors, few listed companies and a very low level of transposition of one of the highest levels of savings in the world and businesses. TIP has shown that something can be done: over one hundred families of entrepreneurs and a few dozen institutional investors interested in investing (currently over €1,9 billion) on one side and 15 companies, almost all sector leaders, on the other. In between 20 professionals and a listed and transparent company. Among other things, in ten years it has given a better return than almost all the world's asset classes and in the last five it has returned on average over 20% per year.
Today TIP wants to more than double with Asset Italia, a new company that institutionalizes club deals on successful companies and helps them grow better and/or solve family problems. No dilutive capital increases are made and liquidity is not raised until needed, but a commitment is asked to look at dossiers with the ability to choose - and invest in - only those that "like". All with virtual data room technologies and the lowest possible costs on the market, thanks to the TIP structure. They called it the Uber of private equity. In reality, is it a way to give capital (the real ones, not increases in bank debts) to those who deserve them? because it wants to grow, establish itself, conquer markets. Or for those who feel that there are too many in the family having to decide what to do.
Industrial Italy is imitated by many for that family capitalism which has given life to a fabric of medium-sized enterprises that is unique in terms of performance and dynamism. However, Italian asset managers send abroad more than 95% of what they collect for equity and in any case often disappoint with the non-choices of exaggerated diversification and the inability to really understand the companies. Asset Italia and TIP want to be a transmission belt to decrease this absurd provincialism. And if so far companies such as Amplifon, Azimut-Benetti, Beta, Eataly, Ferrari, iGuzzini, Interpump, Moncler, Prysmian, plus other less famous ones, have decided to find the development partner in TIP, it is to be hoped that Asset Italia continue and expand the work to an audience that in fact has no limits.
Attachments: Letter to shareholders
