(Tiper Stock Exchange) – First Capitala financial holding company specializing in Private Investments in Public Equity and Private Equity, has adhered to the voluntary Public Purchase Offer (OPA) promoted by LBM Next on Labomar, with all the shares held, collecting over 9 euros millions.
First Capital – recalls a note – held 4.90% of the share capital of Labomar through the vehicle VF Health.
Net of the repayment of the financing and the value of the vehicle’s minorities, the investment transaction in Labomar generated a total capital gain of over Euro 2.6 million for First Capital, a cash multiple of 1.65x and an IRR of 20% .
“Consistent with our investment philosophy, we made our first entry into the capital of Labomar as anchor investor in the IPO, in 2020 and participated in the governance of the company in the following three years to support it in its achievements. The operation – he declared Vincenzo Polidoro, Chief Executive Officer of the SICAF of the First Capital Group – allows us today to achieve returns in line with our track record, testifying to our ability to select and invest in Italian SMEs with high growth potential, capable of generating value for the Company and for all shareholders”.