Company Profile
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Company Profile 2019 STF – Società Tecniche Finanziarie Company Overview Overview ▪ STF – Società Tecniche Finanziarie was founded in 2007 as a spin off of the CCC (Consorzio Cooperative Costruzioni Soc. Coop) Finance department. ▪ With the transfer of 100% of the shares to the company Management, STF has established itself as an indipendent financial services boutique increasingly active and specialised in corporate finance and structured finance projects, advisory for SMEs, Cooperatives and Public Administrations, with significant financial and legal experience in the following activities: - Structured Finance: analysis of projects economic and financial sustainability; legal, commercial and financial assistance of PPP (Public Private Partnership), PFI (Project Finance Initiative), Leasing and Real Estate projects; - Corporate Finance: financial, legal and corporate assistance in corporate finance operations such as capital contributions, M&A, demergers, divestments and liquidations; - Capital market Advisory: advisory in financial restructuring and refinancing operations finalized to restore financial equilibrium and sustainability, by collecting new risk capital and/or debt capital, also via private equity and real estate funds. Capital Market Structured Finance Corporate Finance Advisory STRUCTURED CORPORATE FINANCIAL PLANS FINANCE FINANCE VALUATIONS PPP DEMERGERS RESTRUCTURING PFI M&A REFINACING LEASING DIVESTMENTS PRIVATE EQUITY LIC CAPITAL REAL ESTATE FUNDS CAPITAL MARKET REAL ESTATE ADVISORY CONTRIBUTIONS LIQUIDATIONS STF – Società Tecniche Finanziarie Company Overview Overview ▪ STF assists its clients in the financial and commercial structuring of complex operations with a team of professionals, with national and international experience in primary advisory firms, legal firms and investment banks; POST- STRATEGY EXECUTION COMPLETION ANALYSIS STRUCTURING CLOSING SECONDARY Debt Restructuring Feasibility Study Financial Contracts Review Refinancing Planning Investment Analysis Financial Structuring LBO/acquisition finance Commercial & Negotiation with Project Evaluation Corporate Debt Raising Project Rebalancing Financial Institutions Structuring Funding Competition Corporate/Asset M&A Planning Market testing Closing Private Equity Action Strategy Real Estate Funds STF – Società Tecniche Finanziarie Company Overview Expertise Over the years the firm gained significant experience in the following activities, both Corporate side and Public Administration side: ▪ Public Private Partnership, in its various forms such as Project Finance, Leasing, Services Concessions, and Public Private Joint Ventures. In this context, STF offers integrated services within (i) the phase of preparation of tender offers from Private Sponsors, to be submitted to open calls for proposals; (ii) the subsequent phase of financial closing of winning proposals; (iii) the financial management of initiatives in post-financial close; (iv) the preparation of legal and financial Due Diligence for eligible initiatives in the context of potential corporate finance operations (tipically, sales of shareholdings). ▪ M&A, in the Corporate Finance context, where STF offers integrated services within (i) the preliminary analysis phase of businesses and branches subject to potential transactions (mergers or acquisitions); (ii) the preparation of legal and financial Due Diligence; (iii) the preparation of business plans or business evaluations; (iv) the search for potentially interested financial/business partners; (v) the preparation and production of the necessary documentation for closing the deal. ▪ Real Estate, in this context STF offers the following integrated services (i) preparation of preliminary feasibility studies in complex real estate sectors; (ii) assistance in defining corporate agreements between business and financial sponsors; (iii) assistance in financial closing, according to corporate finance or structured finance typicalities. STF – Società Tecniche Finanziarie Company Overview PPP – Public Private Partnership The PPP sector Leasing during Construction Services Concessions construction Concessions (public (public initiative or (public initiative or initiative or private private initiative - private initiative - initiative - promoter) promoter) promoter) Availability contracts Joint Ventures & STU Etc… STF – Società Tecniche Finanziarie Company Overview PPP – Business Opportunities Services Concessions Main Opportunities Construction PROMOTER in the PPP Sector: Concessions Leasing Such opportunities give the Promoter the following benefits: ✓ be able to take action at an early planning stage (more time to define the proposal); ✓ define the proposal evaluation criteria; ✓ establish in advance feasibility and bankability of the operation; ✓ right of first refusal. STF – Società Tecniche Finanziarie Company Overview PPP – STF Main STF activities: ✓Assistance in the dialogue with the Public Administration for the definition of the proposal; ✓Identification of the most appropriate instrument (concession, leasing, availability, etc.); ✓Set-up an optimal business model; ✓Definition of a financial & corporate structure that is both bankable and profitable; ✓Supporting the business or the Public Administration in the procurement of funding for the operation; ✓Supporting the client in their participation to the tender procedure or supporting the Public Administration in the tender process. STF – Società Tecniche Finanziarie Company Overview Private Equity Real Funding Procurement Investment Estate Funds Funds OBJECTIVE Qualified Create partnerships between Investors investors and operators in the construction/services sectors, for co-investment operations with risk capital. STF – Società Tecniche Finanziarie Company Overview Debt Capital Other Financial Bank Financing Project bond Leasing instruments SERVICES - Bank financing research and structuring – also in leasing; - Identification and negotiation of guarantees structure; - Assistance in the refinancing of old debt; - Support in the emission of project bonds; - Identification of other financial instruments. STF – Società Tecniche Finanziarie Attachments Tombstones – Main Projects closed in the last 3 years 2017 - 2019 2017 - 2019 2017 - 2019 2018 PROJECT CURRENTLY UNDER NDA Financial advisory for Financial advisory, regarding structuring and management Financial Advisory to Elene various PPP Projects of the of valorization and Project SRL SPV (Rekeep and concerning initiatives in the equity sale process of 9 SPV (6 Economic and financial Engie) regarding the fields of energy efficiency and Hospitals, 3 Real Estate). STF advisory for the valorization structuring of the Financial management of maintenance defined the whole process, and sale of the equity owned Plan and the procurement and services. STF took care, in the identified and chose the Equity by an SPV shareholder structuring of the bank loan. view of a tender strategy, of Partner, supported the Client in operating in the transport implementing, drafting and the negotiations until the sector. assisting with the certification closing of the deal. of each Financial Plan. € 300 mln € 4 mln 2016 - 2017 2017 2015-2017 INTEGRA Financial and legal advisory to INTEGRA Marconi Express SPV in the structuring of the project, definition of the financial plan Financial Advisory to Echoes and of the main project Financial Advisory for the SRL and Osiride SRL SPVs contracts, and assistance in preparation of the Industrial (Rekeep and Engie) regarding finding the sources for financial Finance Plan (PFI) of the the structuring of the Financial coverage. STF supported the Integra Consortium for the Economic Plan and the Client in the negotiations with years 2016-2022 procurement of the bank loan. the banks until the closing date (September 2016) € 128,7 mln STF – Società Tecniche Finanziarie Attachments Tombstones – Previous years projects 2016 2016 - 2017 2012 - 2017 2016 C4 Financial and legal advisory for Financial Advisory to C4 (3i Financial and legal advisory to 80% - CCC 20%) to search new the evaluation during the the Company Terza Torre S.p.A Financial and legal advisory to potential investments in Italy tender procedure of an open for the management of the Newco Duc Bologna S.p.A. call for proposals, regarding financial, administrative and for Concession management the construction in Project accounting aspects, and and dialogue with financial Finance of a velodrome in the relations with banks during the institutions involved in the Province of Treviso. Project operation phase. Project. € 29 mln € 90 mln € 65 mln 2014 2014 2014 2014 AURORA Srl Financial and legal advisory finalized to the preparation of Financial advisory finalized to Assistance in preparing a Financial and legal advisory a tender offer for a public the preparation of a tender feasibility study concerning for the preparation of a construction concession in the offer regarding the planning, the construction and proposal regarding the Pieve di Soligo Municipality construction and management management of an arena in planning, construction and regarding the planning, of the cemetry in the the area “Campo Volo” in management of a day care construction and Occhiobello Municipality Reggio Emilia facility in the Municipality of management of the new Roncegno. multi-purpose gym € 14 mln STF – Società Tecniche Finanziarie Attachments Tombstones - Previous years projects 2014 2014 2014 2013 2013 CMR EDILE Financial and legal advisory for the preparation of a services Financial advisory