(Tiper Stock Exchange) – First Capitala holding company specializing in Private Investments in Public Equity and Private Equity investments, has divestment completed of the participation in Net Insurancean insurance company that is about to be delisted from Euronext STAR Milan.
The sale of the shareholding, which was equal to 5.5% of the share capitaltook place predominantly in adherence to the takeover bid totalitarian voluntary initiative promoted by Net Holding (Poste Vita) and, on a residual basis, through market salesgenerating total proceeds of 10.5 million euros.
The investment in Net Insurance generated a total of one capital gain of 5 million eurosa cash multiple of approximately 2x and an IRR of over 25%.