Strategia

Development of unexpressed potential growth.

Investment strategy

Armònia creates value through the consolidation of SME’s mainly through a Buy and Build Strategy, in leading production sectors, distinguished by a very high product quality. These are the typical Made in Italy sectors (machinery, mechanics, pharmaceuticals, services, consumer goods, food, luxury and life style), that enabled Italian economy to keep up its competitiveness and that are confirmed to be those that will drive growth in the coming years.

Armònia Italy Fund will focus on those targets that have requirements to prove unexpressed potential growth and to be eligible as a platform for further add-on acquisitions: a significant position in relative market segment, a strategic development plan and the existence on foreign markets.

The development of target companies will take place through actions aimed to remove growth stalemates: generational renewal, lack of management experience and capabilities, lack of shareholding, lack of M&A transactions promotion.

Criteria for the selection of investments

Armònia Italy Fund is focused on those SMEs operating in Made in Italy sectors and niches of excellence through investments of about 25-75 million Euro each, in order to support them in their consolidation and growth process.

Thanks to its consolidated network, Armònia Italy Fund will be able to privilege those operations where the acquisition process can be directly managed with the seller, limiting the competitive process with other players.

One or more of the following criteria will characterize target companies: Sectorial, Dimensional, Geographical, Market leadership, Exports, Innovation level, Qualified management, Buy and build strategy, Profitability and cashflow generation, Potential growth, Purchasing price, Exit strategy.

Sector
Dimensions
Location
Market leadership
Internationality
Innovation

High expertise
Buy & build strategy
Profitability
Growth potential
Direct management
Exit strategy

Origination

Screening

Due diligence

Negotiation

Closing

100 days

Monitoring

Exit

Risk management

Armònia is committed to carry out a balanced, controlled and pondered management activity of Armonia Italy Fund.

Monitored

To assure that the risks associated with each investment position of the Fund and their overall effect of the relevant portfolio are properly identified, measured and constantly managed.

Balanced

To accomplish an investment process in compliance with the strategy, the targets and the risk profile of the managed Fund.

Pondered

To guarantee that the Funds’ risk profile corresponds to the dimensions, the portfolio structure, the strategies and the investment targets as defined in the Rules and Regulations of the Fund.