Small Caps Opportunities, managed by Gioconda, Banca IFIS S.p.A. (BIT:IF), Giovanni Ambrosetti Auto Logistic Spa Siglabile G.a.a.l. Spa, and management team including Fabrizio Foglietti acquired majority stake in Demas S.R.L. from Foglietti family.
May 12, 2020
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Small Caps Opportunities, managed by Gioconda, Banca IFIS S.p.A. (BIT:IF), Giovanni Ambrosetti Auto Logistic Spa Siglabile G.a.a.l. Spa, and management team including Fabrizio Foglietti acquired majority stake in Demas S.R.L. from Foglietti family on May 13, 2020. Post acquisition, Foglietti family will remain as a shareholder in Demas. BPER Banca SpA, Banco BPM SpA and Intesa SanPaolo SpA provided financing for the acquisition. Demas reported turnover of €126 million in 2019. Fabrizio Foglietti will remain as Chairman and Chief Executive Officer of Demas. Matteo Trapani, Giovanni de’ Capitani, Alice Bucolo and Barbara Aloisi of NCTM Studio Legale acted as legal advisors to Gioconda. Andrea Piermartini Rosi, Rosario Apuzzo and Riccardo Troiano of Orrick acted as legal advisors to Foglietti family. Marco Bastasin and Mariapia Tummolo of Deloitte acted as financial due diligence providers, Giovanni Calia and Michele Zanin acted as strategic due diligence providers and Maurizio Castello, Luca De Caprio, Silvia Nakos, Andrea Stella, Giacomo Barsotti and Matteo Baldini of KPMG acted as operational due diligence providers to the transaction. Davide D’Affronto and Alessandro Elisio of Simmons & Simmons acted as banking legal counsels. Roberta Morini and Stefania Garofalo represented BPER Banca SpA, Federico Born and Daniele Silva represented Banco BPM SpA and Laura Airoldi and Luca di Luciano represented Intesa SanPaolo SpA.
Small Caps Opportunities, managed by Gioconda, Banca IFIS S.p.A. (BIT:IF), Giovanni Ambrosetti Auto Logistic Spa Siglabile G.a.a.l. Spa, and management team including Fabrizio Foglietti completed the acquisition of majority stake in Demas S.R.L. from Foglietti family on May 13, 2020.
Banca IFIS SpA is an Italy-based bank. The Bank is primarily engaged in the sector of trade receivables, non-performing loans and tax receivables. The Bank operates through five divisions: Banca IFIS, which is active in the supporting of trade receivables of small and medium sized enterprises operating in the Italian market; Banca IFIS International, which provides services to companies operating or based abroad; Banca IFIS Pharma, which supports trade receivables of local health services suppliers; Toscana Finanza, which is engaged in the activities of the business unit operating in the non-performing loans sector, and Fast Finance, which is mainly involved in the tax receivables sector. In addition, the Bank provides invetment banking services through GE Capital Interbanca SpA. It is active in Italy and abroad, including Poland, Romania, Hungary and India, among others. It operates through Interbanca Group and Cap.Ital.Fin.
Small Caps Opportunities, managed by Gioconda, Banca IFIS S.p.A. (BIT: IF), Giovanni Ambrosetti Auto Logistic Spa Siglabile G.a.a.l. Spa, and management team including Fabrizio Foglietti acquired majority stake in Demas S.R.L. from Foglietti family.
BANCA IFIS S.P.A. 
