Arventia presentation: passion for entrepreneurial companies

A bit about us
Our people
Our approach
Our Strategy
Our capital
Our Team
Track record

1. PASSIONFOR ENTREPRENEURIAL COMPANIES
CONTENT:
ü Executive Summary
ü Values
ü Track Record
ü Strategy Focus
ü Approach
ü Network
ü Portfolio
ü Inv. Partners

2. Equity2Innovate
….a bit about
MCPholdsinterestsinhealthcare(www.effeemme.it),medicaldevices(www.dianax.eu),mechanical
engineering(www.nadella.com)andInvestmentAdvisory(www.bayesinvestments.com)
üEXECSUMRY
vWeinvestourownequitycapitalalongside“quality”entrepreneurs,entrepreneurial
management,familyofficesandprofessionalinvestors(www.arventia.com)
vFocusonsmall-mediumenterprises(SMEs)willingtoenhanceoperationalexcellenceand
growthwhileimprovingpeople’swellnessandenvironmentalsustainability
vTrackRecordverifiedbyEY(over80managedcompaniessince1989),sourceofnetwork,
expertiseandaccesstoopportunitiesacrossarangeofbusinessstagesandindustries
vMCP Srl,foundedin2006 byGianMaurizioArgenziano
(www.gianmaurizioargenziano.com),actsasGeneralPartnerinArventiaS.p.A.
(Investmentcompany)andArventiaIndustria(AH-IND,co-investmentagreement)

3. MANAGEMENT
TEAMS
OPERATING
ADVISORS
OPERATING
PARTNERS
OUR TRACK RECORD
OVER 25 YEARS
OVER 80 PORTFOLIO COMPANIES
GLOBAL ESPERIENCE / EU FOCUS
MULTI-INDUSTRY/SEGMENT EXPERTISE
SUPERIOR PERFORMANCE
ASSESSED BY E&Y
… deliveringvalueto our
companies
…. ourpeople
Over 30 active Partners
Equity2Innovate
… basedin the EU… eachfocusedon
specific segments
Passionfor SMEs … with domainexpertise
in specific segments
üEXECSUMRY

4. MANAGEMENT
TEAM
OPERATING
ADVISORS
OPERATING
PARTNERS
CHANGE (IE. TECH/DIGITALIZATION)
NEW MARKET OPPORTUNITIES
PRODUCT TRANSITION
OPERATIONAL EFFICIENCY
MANAGEMENT TEAM BUILDING
STRATEGIC REPOSITIONING
INDUSTRY CONSOLIDATION
Weenhancegrowthinthelongtermbyfocusingonstrategyandoperationalexcellence….Weexploitour
networkofresourcestosupportmanagementinbuildingvalueforcustomers,employees,andshareholders.
...ourapproach
Active across some
industries / segments
Equity2Innovate
… with a broad
network of resources
… and focus on
drivingchange
PARTNERSHIP WITH ENTREPRENEURIAL MANAGEMENT
HEALTH CARE
MEDICAL DEVICES
MECHANICAL ENGINEERING
LUXURY /BRANDING
HARDWARE / INDUSTRIAL
COMMUNICATIONS
SECURITY / SYSTEMS
üEXECSUMRY
…with FOCUS & FLEXIBILITY to drive opportunities
our experience (network) gives us access to opportunities across a range of
business stages and industries with customized investments

5. Equity2Innovate
Integrity
Independence
Excellence (dedication to….)
Accountability
Transparency
Cordiality
..
.
VALUES:alwaysactwith
SocialResponsibility
Beingpassiveinsociallyrisky
situations equates to
sustainthesesituations(M.L.King).
Wechooseclearactionsinunclear
situations.Weexperienceddefending
moralcausesknowingtherewere
personalcausesorrisk(CaseStudies).
Long standing
relationships
CommonValuespermiteasiness;it
helpsavoidingconflictsindifficult
situations.
Buildinglongstandingrelationships
mattertous;
WesharesameFundamental
ValueswithourPartner..s
PreservingFreedom
TrueValuesprevailonhunger
formoney,thussometimes
preservingindividualfreedom.
OurValuespreserveour
Freedom.
VISION: change creates
opportunitiesforcompaniesto
improvepeople’swellnessand
environmentalsustainability;these
changesgathersignificantimpact
whenfoundedonbusinesssolid
growthandconsistentprofitability
MISSION:beingrecognisedasa
uniqueinvestorandanexceptional
partnerindrivinggrowthandprofit
opportunitiesforcompaniesthat
advance significantquality
improvementinpeople’swellness
andenvironmentalsustainability
OurStrategy is guided by ourVISION, MISSION andVALUES

6. Equity2Innovate
THEMES WELLNESS & SUSTAINABILITY
TARGET SMES WITH STRONG ENTREPRENEURIAL
FLAVOR FOR GROWTH
TGT STAGE AVAILING OF CHANGE OPPORTUNITIES
INDUSTRY HC, MEDICALDEVICES, OTHER SEGMENTS IN
WELLNESS AND SUISTAINABILITY
INVESTMENT PRIVATE (PE&VC) AND PUBLIC (PIPE) EQUITY;
SMES PORTFOLIO MANAGEMENT (PMS)
INV. STAGE MOST
INDUSTRIES/SEGMENTS OF INTEREST
HEALTH CARE
MEDICAL DEVICES
MECHANICAL ENGINEERING
LUXURY /BRANDING
HARDWARE / INDUSTRIAL
COMMUNICATION MANAGEMENT
SECURITY / SYSTEMS
…OTHERS
ANTICIPATING CHANGE
NEW MARKET OPPORTUNITIES
PRODUCT TRANSITION
OPERATIONAL EXCELLENCE
MANAGEMENT TEAM BUILDING
STRATEGIC REPOSITIONING
INDUSTRY CONSOLIDATION
HIGLY SCALABLE DIGITALIZATION
TARGET CRITERIA
EV VALUE .5 TO 200 EURO MN
TURNOVER 10 TO 300 EURO MN
VALE CHAIN: MANUFACTURING TO
RETALING
FORESEABLE BUSINESS MODEL
GLOBAL PRESENCE
INVESTMENT STAGES
GROWTH EQUITY
FAMILY BUSINESS SUCCESSION
BUYING FROM FOUNDERS
UNDERPERFORMING OPERATIONS
DIVISIONAL CARVE OUT
CORPORATE DEVELOPMENT
EARLY STAGES
TURNAROUND
JV / ACQUISITIONS
üSTRATEGY FOCUS
OurStrategy Driving Growth Opportunitiesin Wellness and Sustainability

7. OVER
80
PORTFOLIO
COMPANIES
WITH
HIGH
FOLLOW-ON
ACQUISITION
RATIO
GROWTH EQUITY
FAMILY BUSINESS SUCCESSION
BUYING FROM FOUNDERS
UNDERPERFORMING OPERATIONS
DIVISIONAL CARVE OUT
EARLY STAGES
CORPORATE DEVELOPMENT
JV / ACQUISITIONS
GLOBAL EXPERIENCE
…customizedtoeachspecificsituation
§awiderangeoftransactiontypes/businessstages
§transactionrangevaluefrom€1millionto€200million
… ourcapital
over€ 3 billion
managedto date
Equity2Innovate
... investedstrategically
over time
… witha flexible
investment approach
overEuro 3 billion of capital managed to date…
üEXECSUMRY

8. Equity2Innovate
Steering Committee
FrancescoLandolfimaturedallhisprofessionalcareerdevelopinginnovativeandhightechprojectsintwo
mainindustries:InformationTechnologyandHealthcare.Francescoholdseveralsales&marketingmanagerialpositions
inMicrosoft,Baxter,IBM.HedevelopedinnovativeentrepreneurialprojectsinTelbios(diseasemanagement),Netfor
Care(telemedicineservices),Privatassistenza(homecareservices).FrancescoholdsaMasterinBusinessAdministration
fromHarvardUniversityandaLaureainEconomicsfromLUISSUniversity.
GianMaurizioArgenzianomaturedatrackrecordasinvestorincompaniesfrommultipleindustriesandlocationswhere
heservedasboardmemberorchairmansincetheendofthe'80s(seethe"TrackRecord"page).GianMauriziofounded
MCPGroupin2006andservedasceoofitsfirstacquisition(MIC:IM,listedin2007andexitedin2012).Previously,
hewasmember(MD)oftheglobalPEcommitteeofABNAMROCapital(2.8bneuroinvestedinca50Cosworldwide),
ceoofABNAMROCapitalS.p.A.(450mlneuro),chairmanandceoofEptaventureS.p.A,,MDinGE(HellerFinancial)and
advisorinAndersen(Accenture).GianMauriziochairedtheTax&LegalCommissionofthePEAssociation(AIFI),wherehe
hasbeenboardmemberforover10years.GraduatedwithhonorsinEconomicsattheUniversityofPavia,GianMaurizio
isprofessorattheMasteroftheLIUCUniversityandmemberofthesteeringcommittee.
üexcsmry
Paolo Meviograduated in Business Administration at Bocconi University, Milan, in 1987.In 1987 he worked as
Internahonal Auditor for Nestlé S.A. in Asia, America and Europe. In 1990 he joined Nestlé Italiana S.p.A. were he was
Director and Chief Financial Officer.In 1994 he joined Bain & Co. Italy where he became Partner and Managing Director.
Paolo worked in several industries, founded the Private Equity practice in Italy, working on most of the deal carried out in
Italy. He also worked for many consumer good and retail clients, managing complex projects and turnarounds.Paolo
served on Bain Board of Directors between 2007 and 2014 and in the same period managed the Italian office. He served
on many Boards of Directors (Cigierre, Fini, Microspay Delta and Paladin Capital, among others).He is currently a Partner
in the London office of Bain & Company, and a private investor.

9. Equity2Innovate
NETWORK
EXPERTISE/EXPERIENCE
VALUE CREATION FOR
OUR COMPANIES
INVESTMENT
PERFORMANCE
TRACKRECORD
CONTENT:
ü ExecSumry
ü Values
üTrack Record
ü Strategy Focus
ü Approach
ü Network
ü Portfolio
ü Inv. Partners
Values

10. Equity2Innovate
OVER 25 YEARS
NEARLY € 3 BILLION MANAGED TO DATE…
OVER 80 PORTFOLIO COMPANIES
GLOBAL EXPERIENCE /EUROPEAN FOCUS
MULTI -INDUSTRY/SEGMENT EXPERTISE
SUPERIOR PERFORMANCE (PWC BENCHMARK)
E&Y ASSESSMENT REPORT
MULTI-INDUSTRY/SEGMENTS
HEALTH CARE
MEDICAL DEVICES
MECHANICAL ENGINEERING
HARDWARE / INDUSTRIAL
COMMUNICATIONS
SECURITY / SYSTEMS
LUXURY /BRANDING
…OTHERS
ANTICIPATING CHANGE
NEW MARKET OPPORTUNITIES
PRODUCT TRANSITION
OPERATIONAL EFFICIENCY
MANAGEMENT TEAM BUILDING
STRATEGIC REPOSITIONING
INDUSTRY CONSOLIDATION
HIGLY SCALABLE DIGITALIZATION
FLEXIBLE APPROACH
GROWTH EQUITY
FAMILY BUSINESS SUCCESSION
BUYING FROM FOUNDERS
UNDERPERFORMING OPERATIONS
DIVISIONAL CARVE OUT
EARLY STAGES
CORPORATE DEVELOPMENT
JV / ACQUISITIONS
GLOBAL EXPERIENCE
OVER
80
PORTFOLIO
COMPANIES
PLUS SEVERAL
FOLLOW-ON
ACQUISITIONS
Abit about our….. track record
3 BILLION
HEALTH CARE
MEDICAL DEVICES
INDUSTRIAL ENGINEERING/PROCESSING
COSMETICS
LOGISTIC
SISTEM INTEGRATION / SOFTWARE
LEISURE
CHEMICAL, PACKAGINE MATERIALS
MEDIA 6 TELECOM, PUBLISHING
FFOD, FOOD PROCESSING
TRAVEL, CLEANING SERVICES
VENDING MACHINES
GARDEN VEHICLES/EQUIPMENT
HARDWARE / INDUSTRIAL
COMMUNICATIONS /COMM. MNGMT
SECURITY / SYSTEMS
LUXURY /BRANDING
OTHERS
üTRACK RECORD

11. Equity2Innovate
STATEMENT
WehaveanalyzedtheTrackRecord–AllPrivateEquityDeals(79ndr.)….-asattachmentBtothisreport(“TrackRecord”),on
thebasisoftheMethodologicalAssumtionspresented….
WeconfirmthatalltransactionsincludedintheTrackRecordhavebeenmanagedorhavefallenunderthe
responsibility/managementofGianMaurizioArgenzianoas…….
Wehaveanalyzedthereturnachievedon30TrackRecordtransactionsincludedintheattachmentA“AnalyzedTrackRecord”
tothisreport.Fromtheanalysisperformedweconfirmthefollowing:
Thereturnon23divestmentsincludedintheTrackRecord,forwhichwewereabletocompletetheagreedanalysis
(attachmentA)resultedinanaverageMoneyMultipleCash-on-Cashof3.0X,equaltoa42.5%nonweightedaverageIRRand
withanaverageinvestmentlenghtofabout3.4years(…withamaximumof6.5years)….…
Wehavereceiedconfirmationaboutthereturnachievedonafurter7transactionsinAnnexA…..
Source:E&Y.AnalysisoftheTrackrecordofGianMaurizioArgenziano,12January2012
seeentire EY report, list of companies and industries on www.arventia.com
üTRACK RECORD

12. Equity2Innovate
OVER 25 YEARS
NEARLY EURO 3 BN MANAGED
OVER 80 PORTFOLIO COMPANIES
SUPERIOR PERFORMANCE (PWC
BCMRK)
GLOBAL, EUROPEAN
INDUSTRY/SEGMENT DIVERSIFIED
ASSESSED BY E&Y
TRACK
RECORD
Since 1989, including founder’STR
7 portfolios for 6 global/national Funds/InvCos
EV range30 to 100 Mn (Min/Max.5 Mn to 1 Bn)
allstagesincluded(growthcapital and buy-outs mainly)
E&Y Performance Report:20 yearsending2011
Benchmark: PWC PE perf. report 20 yearsending2011
HEALTH CARE
MEDICAL DEVICES
INDUSTRIAL ENGINEERING/PROCESSING
COSMETICS
LOGISTIC
SISTEM INTEGRATION / SOFTWARE
LEISURE
CHEMICAL, PACKAGINE MATERIALS
MEDIA 6 TELECOM, PUBLISHING
FOOD, FOOD PROCESSING
TRAVEL, CLEANING SERVICES
VENDING MACHINES
GARDEN VEHICLES/EQUIPMENT
HARDWARE / INDUSTRIAL
COMMUNICATIONS /COMM. MNGMT
SECURITY / SYSTEMS
LUXURY /BRANDING
OTHERS
üTrack record

13. Equity2Innovate
üSTRATEGY FOCUS
NETWORK
EXPERTISE
EXPERIENCE
VALUE CREATION FOR
OUR COMPANIES
INVESTMENT
PERFORMANCE
TRACK RECORD
CONTENT:
ü ExecSumry
ü Values
ü Track Record
üStrategy Focus
üApproach
üNetwork
ü Portfolio
ü Inv. Partners
Values

14. Equity2Innovate
THEMES WELLNESS & SUSTAINABILITY
TARGET SMES WITH STRONG ENTREPRENEURIAL
FLAVOR FOR GROWTH
TGT STAGE AVAILING OF CHANGE OPPORTUNITIES
INDUSTRY CERTAIN INDUSTRIES/SEGMENTS IN WELLNESS
AND SUISTAINABILITY
INVESTMENT PRIVATE (PE&VC) AND PUBLIC (PIPE) EQUITY;
SMES PORTFOLIO MANAGEMENT (PMS)
INV. STAGE MOST
INDUSTRIES/SEGMENTS OF INTEREST
HEALTH CARE
MEDICAL DEVICES
MECHANICAL ENGINEERING
LUXURY /BRANDING
HARDWARE / INDUSTRIAL
COMMUNICATION MANAGEMENT
SECURITY / SYSTEMS
…OTHERS
ANTICIPATING CHANGE
NEW MARKET OPPORTUNITIES
PRODUCT TRANSITION
OPERATIONAL EXCELLENCE
MANAGEMENT TEAM BUILDING
STRATEGIC REPOSITIONING
INDUSTRY CONSOLIDATION
HIGLY SCALABLE DIGITALIZATION
TARGET CRITERIA
EV VALUE .5 TO 200 EURO MN
TURNOVER 10 TO 300 EURO MN
VALE CHAIN: MANUFACTURING TO
RETALING
FORESEABLE BUSINESS MODEL
GLOBAL PRESENCE
INVESTMENT STAGES
GROWTH EQUITY
FAMILY BUSINESS SUCCESSION
BUYING FROM FOUNDERS
UNDERPERFORMING OPERATIONS
DIVISIONAL CARVE OUT
CORPORATE DEVELOPMENT
EARLY STAGES
TURNAROUND
JV / ACQUISITIONS
üSTRATEGY FOCUS
OurStrategy
Driving Growth Opportunities with Focus & Flexibility;
our experience (network) gives us access to opportunities across a
range of business stages and industries with customized investments.

15. Equity2Innovate
Partnerships
with
entrepreneurs
Backing
management
Acting as
General
Partner
Wehaveahistoryofsuccessinpartneringwithentrepreneurialmanagement
teams.Ourpartnersholdtheexperiencerelevanttothecompaniesinwhichwe
invest(thoughnotnecessarilycurrentlymanagingthem)
ourbroadnetworkofrelevantcontactsincludesprofessionalswhoservedas
managersanddirectorsinourportfoliocompanies.Ithelpstoimprove
performanceinmostareas,particularlythosewhereSMEsareweaker.
ownershipstabilitymattersasmanagementindependencedoes.Weensure
clearguidanceinownershipandwealwayslineupmanagementinterestswith
thoseofinvestors.
ourapproach
üAPPROACH

16. Equity2Innovate
Flexibility.wecustomizeourapproachbyadoptingthemostappropriate
solutiontoeachspecificsutuationacrossarangeofbusinessstages:
ProfessionalDecisionmakingbasedonrelevantinfosandDDs.No
complexresponsibilitylimitationformalrequirementsensurerapidity.
….toensurerapidandeffectiveresults.Incertaincases,asturnarounds,
weadoptatemporary“shortterm-objectivedriven”strategytoimprove
cashgenerationasafirststagepreludinga“value”strategy.
Flexible
Strategy
Professional
Decision
making
Efficient
execution
process …
GROWTH EQUITY
FAMILY BUSINESS SUCCESSION
BUYING FROM FOUNDERS
UNDERPERFORMING OPERATIONS
DIVISIONAL CARVE OUT
EARLY STAGES
CORPORATE DEVELOPMENT
TURNAROUND
JV / ACQUISITIONS
ourapproach
üApproach

17. Equity2Innovate
OurPartnersareofteninvestorsinourcompanies;welineuptheirinterestwithoursasinvestors,also
bymeansofappropriate,performance-basedremunerationandequityparticipation.
üNETWORK
…theresultof25yearstrack
recordofinvestingalongside
managementteamsandthen
workingwiththemaspartners.
OurPartners Network…
ENHANCINGSMES’sVALUEINTHE
LONGTERMHORIZON
FOSTERING GROWTH AND
OPERATIONALEXCELLENCE
SETTINGTHEMOSTAPPROPRIATE
COURSESOFACTIONINOUR
COMPANIES
SEARCHINGFORTHERIGHT
BUSINESSESTHATWILLBENEFITFROM
THESEOPPORTUNITIES
UNDERSTANDINGCHANGEANDTHE
RESULTINGOPPORTUNITIES ANTICIPATING CHANGE
NEW MARKET OPPORTUNITIES
PRODUCT TRANSITION
OPERATIONAL EXCELLENCE
STRATEGIC REPOSITIONING
MANAGEMENT TEAM BUILDING
INDUSTRY CONSOLIDATION
HIGHLY SCALABLE DIGITALIZATION

18. Equity2Innovate
,
…theresultof25yearstrackrecord
ofinvestingalongsidemanagement
teamsandthenworkingwiththem
aspartners.
OurPartnersareofteninvestorsinourcompanies;welineuptheirinterestwith
oursasinvestors,alsobymeansofappropriate,performance-based
remunerationandequityparticipation.
MANAGEMENT
TEAM
OPERATING
ADVISORS
OPERATING
PARTNERS
Ourpartnersholdthemanagementexperiencerelevanttothecompaniesin
whichweinvest.
oManagementTeammembers(ManagingPartners,MPs)arethetop
executives(c.e.o.,c.o.o.,c.m.o.andc.f.o.)responsibleofaportfoliocompany
orexperiencedmanagersinchargeofacompanyspecificoperation.
oOperatingPartners(OPs)areformerMPsincompaniesinwhichweheld
interest,thoughnotnecessarily.OPsupportsMPsbycontibutingnetworkand
experienceinaspecificindustry/segmentorbyassumingtemporarydirect
managementresponsibilitiesasprovidingtechnicalexpertise/supportin
operationswherechangemusthappeningiventimeframe.
oOperatingAdvisors(OA)areprofessionalswithdeepexpertiseinspecific
areaswhichhaveproventobeeffectiveinbackingMPsinourcompanies
Our
Partners
Network…
üNETWORK

19. Equity2Innovate
üPORTFOLIO
www.arventia.com/our-portfolio-companies/
Medical
Devices
Mechanical
Engineering
Health Care
P. I. P. E.
CONTENT:
ü ExecSumry
ü Values
ü Track Record
ü Strategy Focus
ü Approach
ü Network
üPortfolio
üInv. Partners
PORTFOLIO: COMPANIES AND SECTORS

20. Equity2Innovate
BusinessFounders(and/ortheirfamilies)facingnewbusinessstagesandhavingdecidedpartneringupwithusto
fullfillthepotentialtheyhavecreated.
EntrepreneurialPartners,formerownersofbusinesseswehavebought/sharedinthepast,ourOperatingParners
andourManagingPartners.
LPs,privateoffices,highnetworthindividualsandinstitutionswhichhaveparticipatedinpreviousArventia
investmentsandhavedemostratedtoshareoursamelonghorizoninvestmentphilosophy.
TierOneInstitutionalCluster”(TOIC),5institutionsalreadyinvestorsinourcompanies,havingdemonstratedto
bereliableandtoshareourlongtermhorizon.
InstitutionalInvestors,customersofMCPGrouphavingPortfolioManagementServicesagreementsinplace.
Investorsrelevanttothespecificcompany,sharingourValuesandhavingthepotentialtoaddvaluetothe
acquiredbusiness.Whenourco-investorsholdpotentialtosupporttoourcompanies,wealwaysensureliningup
ofinterestsisinplace.
When we share ownership, our most frequent investment partners are:
Our EVCA-code compliant governanceallowspriority ordered co-investment rights to our LPs, preventingpotential conflict of
interest. our co-investors hold competence/potential to contribute specific know-how and support to our companies..
Our…
Investors
Arventiainvests its own capital in partnerships
with entrepreneurs
üINV. PARTNERS

21. MCPGroup
privateofficeservicesMidCapitalPartners
Associati
OUR Group … Partners&Customers
SMEsportfolio management and
strategy&operationalservices
Overseas
Industries SpA