CAPITAL PARTNERS. Investing in Innovation, full scale

Transcription

1 CAPITAL PARTNERS Investing in Innovation, full scale

2 360 Capital Partners in a few words 100 to 150 Million Euro* Venture Capital Fund investing in Innovation at 360 degrees highly innovative companies, in Europe and more particularly in and Promoted by Fausto Boni, Diana Saraceni, Francois Tison, together since 2001 with Net Partners Ventures, joined by Emanuele Levi another veteran of the industry Net Partners Ventures managed 3 funds: top quartile** IRR to investors (*) Fund is currently closed in excess of Euro 50 mio. Final size of the fund will depend on final closing (September 07) (**) It corresponds at 25% best performing fund if compared with other Venture Capital Funds set up during the same period.

3 360 Capital Partners founding team Partnering over the last 6 years 30+ years of cumulated Venture Capital experience in investing in, following-up and exiting from over 50 companies A team of French and Italian professionals with international working experience and network Cross-border investment experience in over 8 countries Co-invested with over 30 International Venture Capital Emanuele Levi joined in April 2006 as a fourth partner; Emanuele shared with the rest of 360 team several joint investments in and in

4 Partners Resumés Fausto Boni: co-founded Net Partners Ventures in early 97. He co-managed Net Partners Ventures team and portfolio growth with board positions in companies like SelfTrade, Yoox, Mutuionline, Smartjog, Erenis and Co.Import. Before co-founding Net Partners Ventures Fausto was with McKinsey & Company in, Brazil, India, the United States and and with L'Air Liquide (Paris and Lisbon) as Logistic manager. Fausto Boni is member of the Board of AIFI (Private Equity and Venture Capital Italian Association). Fausto graduated from the Bocconi University of Milan with a degree in Business Economics, and received an MBA from INSEAD. François Tison: joined Net Partners Ventures mid 2001 and is (or was) on the board of Freever, Ipanema, Erenis, Bfinance, Soamai, Smartjog, Trading Screen, Adomos and LibertySurf. Prior to joining the Net Partners Ventures team, François spent two years as SVP at Europ@web. In , he was an Associate Director with Nomura private equity investing in the ICT sector. From 1990 to 1997, he held a number of positions at Telecom in Paris and New York. François holds a graduate degree in Engineering from the ENST in Brest and an MBA from Columbia University in New York. Diana Saraceni: joined Net Partners Ventures mid 2001 and follows CO.Import, Mutuionline, Euroffice, Radiance and Nanomuscle. Before joining Net Partners, Diana was a Senior Advisor at Lazard Investment Banking. In Lazard she was part of the Telecom, Media & Technology team and primarily worked on M&A transactions and IPOs. Prior to Lazard, Diana spent 4 years at A.T.Kearney in Milan and London. Diana was part of the selection committee of the Italian Tech Tour (Nov 2003), member of the advisory boards of the EIFs (1) and member of the High Tech Commission of AIFI (2). She is regular lecturer with Bocconi and Politecnico di Milano. Diana Saraceni graduated from the University of Rome with a gradute degree in Engineering, and received an MBA from LUISS of Rome. Emanuele Levi: involved in VC since 2000 at Pino Venture and myqube. At Pino, Emanuele was responsible of Kiwi ecommerce portfolio with 10 invested companies in and for a total amount of 40 mln; Emanuele held a board position in most investees such as Megalink Venerenet and Yoox in and Adomos and Topachat in. Before joining Pino Ventures, Emanuele was a Director at Lazard Investment Banking and Senior Consultant at Bain & co. Prior to Bain, Emanuele spent 4 years at Unicredito Italiano Corporate Finance Team in London and Milan. Emanuele graduated from the University of Turin with a degree in Business Economics and took a Corporate Finance Programme at LBS in London. (1) European Investment Forum (2) Associazione Italiana Private Equity e Venture Capital

5 360 Capital Partners Advisory Board Beatrice Ballini: Country Manager for Russell Reynolds (one of the leading executive search firm), European Leader of the Consumer Sector and Worldwide Leader of Luxury, Branded Apparel and Retail. Previously CEO of Truzzi, a leading Italian silk designer, with Goldman, Sachs & Co. in New York and Bain & Co. London and Boston. Charles Beigbeder: CEO and Founder of Poweo (a French listed power company) and former CEO and founder of Selftrade, Net Partners first investment and 's first online discount brokerage. Previously investment banker in Paris at Paribas and Credit Suisse First Boston. President of Croissance Plus and member of the executive committee of Medef (French employers' federation). Andrea Rocca: CEO and Founder of Talent Holding an holding investment company with a portfolio of about 14 innovative companies. Previously with JPMorgan Corporate Finance and McKinsey&Co. Andrea lived in Argentina for 15 years and now lives in Milan. Serge Schoen : member of the senior management team of the Louis Dreyfus Group, a diversified holding company and CFO of the agricultual commodities group. Previously co-founder and COO of LD Com now neuf telecom / Cegetel. Between 1992 to 1999, he was at the Boston Consulting Group in Paris. Nino Tronchetti Provera: General Manager and member of the board of Olivetti. Board member of MCC Capitalia, Malgara Chiari & Forti S.p.A. and Pirelli Ambiente Holding. Previously CEO and Vice President of Finsiel (Telecom Italia Group) and head of the Telecom Italia Group Information Technology Market Business Unit. In 1997 he founded Cam Tecnologie, of which he was CEO until March Previously with McKinsey & Company. Stefano Venturi: Head of Cisco Systems and Vice President Cisco Systems Inc. Under his guide Cisco s Italian branch grew from 12 a to 700 people. Previously South Europe General Manager of Sunsoft (Sun Microsystems group) and with Wyse Technology, Hewlett-Packard and Olivetti. Vice President of the American Chamber of Commerce Italian Office and Vice President and Counselor of the Directive Committee of ANIE (the national Association for telecommunications and Consumer Electronics) and Member of its Chair Committee.

6 360 Capital Partners Investment Strategy Core markets Target sectors Amount per deal Ownership positions Stages Investment pace Board seats and No sector focus. Only fast growing companies. No biotechnology 1 to 5 mln ( 4 to 8 mln over the life of an investment) 10% to 40% with investment protections first or second round of financing + 5% allocation to a seed pool for very early stage small size investments 2 to 5 investments / year No passive investments. 5 to 7 board seats per partner

7 What can portfolio companies expect from us What we will do What we won t do Strategic guidance Lead* round of financing Persist when fundamentals are sound Take tough decisions when required with no delay Bring high quality investors in portfolio companies when required Attract senior managers/board members in portfolio companies Create business development opportunities Hold on common sense valuations for exits Support exit process for shareholders value optimisation Manage portfolio companies Trust in principle managers with high level CVs in start-up contexts Rely on other funds due diligence Keep investing when there is too much restructuring to do, even if the business model looks sound in principle Invite too many VCs around the table Keep founders in the management team if it is not the best option (it will be agreed in advance) Sell our minority stake alone (either back to founders or on the market) if company is successful (exit process will be agreed in advance) (*) Negotiate terms, build-up syndicates, negotiate governance

8 360 Partners track record USA USA Spain UK UK

9 360 Partners co-investors 3i (US - Europe) ADD Partners (UK) AGF Private Equity (Fra) Apax (US - Europe) Arts Alliance (Fra) Atlas (UK) Benchmark (US - Europe) BNPP (US - Europe) Bank of America (US) Carlyle (US - Europe) CDC Innovation (Fra) Chevron Ventures (US) Cipio Partners (ex-t-venture) (US - Europe) Credit Lyonnais Private Equity (Fra) Crossbow (US) Dassault Development (Fra) Deutsche Bank (Europe) DRKW (Europe) Geocapital (US) Index (Europe) Infonet (US) Innovacom (Fra) Intel Capital (US - Europe) Isource (Fra) Levensohn Capital (US) Pino Ventures (Ita) Pyramid (Fra) SanpaoloImi (Ita) Sella Lab (Ita) Silver Lake Partners (US) Sofinnova (Fra US) Sutter Hill (US) Swiss life (Swi) Techfund (Fra) Vanguard (US) Vertex Technology (Europe -Singapore) Vision Capital (US - Swi) Viventures (Fra) VolksWagen Venture (De) Walden (US) Wellington (De)