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A l i p e r l a t u a I m p r e s a. FRIULIA - Finanziaria Regionale del Friuli Venezia Giulia. Set up in 1967. Regional Government 88% of capital share. Mission : to promote the development of the regional economy. Investment Company. Development Agency. DEVELOPMENT AGENCY.
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FRIULIA - Finanziaria Regionale del Friuli Venezia Giulia Set up in 1967 Regional Government 88% of capital share Mission: to promote the development of the regional economy Investment Company Development Agency
DEVELOPMENT AGENCY Friulia implements regional development policies • Friulia plays a networking role • between public and private sector: • advise to local authorities • project financing • territorial marketing Friulia manages EU funds and EC programs on behalf of the Region (Ob 2, Interreg)
DEVELOPMENT AGENCY Over 35 years of investments: More than 400 companies More than 1000 business analisys Financial partner to support the growth of regional businesses
Friulia and Friulia Lis (Friulia Group) Business
REGIONAL INVESTMENT COMPANY TEMPORARY ASSUMPTION OF SHAREHOLDINGS MEDIUM TERM LOANS LEASING AND GUARANTEES THROUGH THE SUBSIDIARY FRIULIA LIS
WHICH COMPANIES AND WHERE Joint-Stock and limited liability companies Businesses operative in Friuli Venezia Giulia
SECTORS Manufacturing Services Tourist industry Trade (but retail)
RELATIONSHIP BETWEEN FRIULIA AND THE COMPANY Business plan to be agreed together Due diligence of the business plan The business plan must be shared: Business targets must be clearly defined • Marketing plan, financial plan and budget
RELATIONSHIP BETWEEN FRIULIA AND THE COMPANY Partnership • Friulia shares business risk • Friulia takes part in strategic decisions, sharing with the company its experience and network • Hands off approach: the company is managed by the entrepreneur • The relationship between the company and Friulia is ruled by covenants
RELATIONSHIP BETWEEN FRIULIA AND THE COMPANY Flexible approach Shareholding and loan features tailored to : • company size • (start up, small or medium enterprise…) • company and / or shareholders targets • (expansion, turnover, bridge financing, IPO,…) • FRIULIA WAY IN and WAY OUT (face value, fixed value, market value, equity value…)
SHAREHOLDING Up to 35% of equity capital Possible presence of Friulia’s staff in company board of directors or board of auditors Temporary shareholding: as a rule 5 years (buy buck by entrepreneur or other way out agreements)
LOANS TO HOLDINGS Duration equal to participation (as a rule 5 years) Different typologies (loan, mortgage loan, convertible loan, etc.) Interestindexed to EURIBOR + SPREAD Friulia loans coexist with other financings (FRIE, MEDIOCREDITO, etc.) to support the business plan Additional guarantees usually requested
Benefits to invest with FRIULIA Capitalization at reasonable cost FRIULIA as institutional investor works to foster the regional entrepreneurship (Company management by the entrepreneur, not Friulia) Clear agreements Experience with a financial partner Network of banks and other investors Friulia provide technical assistance and professional advice
FRIULIA & FRIULIA LIS GROUP • FRIULIA LIS is the subsidiary operating in leasing • and guarantees • Planning of joint operation with Friulia Lis
FRIULIA LIS investments: which and where COMPANIES AND PARTNERSHIPS WORKING IN FRIULI-VENEZIA GIULIA
FRIULIA LIS PRODUCTS • LEASING • real estate • equipment • foreign investments GUARANTEES (foreign investments too, with the support of FINEST)
FRIULIA S.p.A.via Locchi 19 34127 TRIESTEtel. 040 31971fax 040 3197400www.friulia.it mail@friulia.it