Rina, Inalpi, Cva-Val d'Aosta water company. These are three companies from the North West that are preparing to go public. The first two recently signed up for Elite, the international Piazza Affari program that supports high-potential companies by facilitating their access to the capital market; the third has already indicated that it has started the procedures to arrive at Piazza Affari.
With them, several other companies in the North West are warming up their engines for the listing and among these stand out Eataly (Farinetti) and Alpitour, the Italian leader in holidays. There is a desire for the Stock Exchange again. This was confirmed a few days ago by Raffaele Jarusalmi, the managing director of the company that manages Piazza Affari, reporting that in 2018 there could be around 50 new listed companies on the Milanese stock exchanges, an even higher number than this year.
THE GENOVESE RINA
Rina (Italian Naval Register), born as a non-profit naval classification body in 1861 in Genoa, is today a global player that accompanies companies towards excellence. It provides testing, inspection, certification and engineering consultancy services for companies operating in the logistics, transport and infrastructure sectors. For these activities, it makes use of a network of 3.700 professionals, present in 170 offices distributed in 65 countries.
Among other things, Rina can boast over 30.000 km of inspected and supervised pipelines, more than 250 certified energy platforms, the classification of more than 5.600 ships and 1.300 yachts and the world leadership for the classification of ferries, the authorization to operate given to 110 marine companies, as well as 36.000 product certifications and 28.000 management systems; it also carried out 150.000 laboratory tests. Again: it is a partner of over 700 railway and metro line projects, but it has also contributed to the development of more than 200 industrial prototypes.
Joint stock company since 2000, the Genoese Rina in 2016 had a turnover of 448 million euros. It is controlled by a public-private holding which still owns 71,45% of the capital, while 25,74% belongs to Naus, jointly owned by two private equity funds, and the remaining 2,81% to the management led by Ugo Salerno, president and managing director.
Ugo Salerno, born in Naples in 1953, graduated with honors in naval and mechanical engineering, began his professional career in the Neapolitan headquarters of Ibm Italia, which he left in 1977 for Italcantieri of Genoa Sestri. After the experience at Fermar in Ravenna, of which he became managing director, he returned to Genoa, with the same position but at Somocar. Then he was, for half a dozen years, at Coeclerici, left in 2002 to join Rina. Cavaliere del Lavoro, Ugo Salerno is also a member of the executive committee of Carispezia (Crédit Agricole) and director of the Galliera hospitals.
THE CUNEESE INALPI
Headquartered in Moretta, in the Cuneo area, where it was founded in 1966, Inalpi produces quality powdered milk (it is the Italian leader in the sector), butter and cream. It directly employs 130 people, but has 1.500 related industries. All the milk it uses is Piedmontese, 56% coming from stables in the province, 41% from the province of Turin and the remainder from that of Asti. Inalpi has also supplied Ferrero with powdered milk since 2008, when Michele Ferrero asked Ambrogio Invernizzi, owner of Inalpi, to build a plant suitable for the needs of the large confectionary group from Alba.
Fourteenth largest milk producer in our country (500 tons processed daily), Inalpi, entirely owned by the Invernizzi family, already active in the sector since 1800 with the founder Antonio Invernizzi, had a turnover of 2016 million in 127, destined to increase by 20% in the year which is about to end. “We are convinced that there are opportunities for a further phase of expansion of the company – said its chairman and managing director, Ambrogio Invernizzi – through the search for partners, quotation and issue of minibonds. In this path, the collaboration with the Italian Stock Exchange, within the context of Elite, will be able to facilitate us in understanding and evaluating the various existing options".
Ambrogio Invernizzi, with a specialist degree in economics and business management from the Real Collegio Carlo Alberto in Moncalieri in 1984, began working in the family business as a clerk.
THE VALDOSTANA CVA
The CVA-Compagnia Valdostana delle Acque, established in 2000, is wholly owned by Finaosta, the financial institution of the Region. Its mission is to produce clean and sustainable energy from renewable sources: it owns and manages 32 hydroelectric plants, but is also active in the solar sector with three plants and in wind power with six parks; moreover, it boasts three photovoltaic systems. The constant reinvestment of profits has made it one of the most solid companies in the sector and with the endowment for the construction of new plants aimed at increasing its production capacity. Always “all green”. In 2016, the Compagnia Valdostana delle Acque, which has over 500 employees, recorded revenues of over one billion euros and a net profit of more than 48 million. Its net financial debt is limited to 26 million. Cva heads a group, which includes half a dozen subsidiaries and two subsidiaries, both operating in the district heating sector.
Since last May, the President of the CVA has been Marco Cantamessa from Turin, a professor at the Turin Polytechnic; managing director Enrico De Girolamo. Fifty years old, Marco Cantamessa, a graduate in Electronic Engineering from the subalpine Polytechnic, where he teaches courses in Innovation Management and Product Development, was for a long time, until last spring, president and CEO of I3P, the main university incubator Italian and one of the largest in Europe (in 2016 it launched 117 projects and set up 49 companies).
From the blog Northwest.
