Italian Small Cap Financial Advisory - Team - Methorios Capital

Madison Corporate Finance
‣ Madison Corporate Finance is a corporate finance
boutique that offers services in company and project
valuation, business planning, M&A assessment and
restructuring advisory.
‣ Madison Capital completed its first IPO in the capacity
of financial advisor for the listing of First Capital on
AIM Italia. First Capital is an Investment company that
targets Italian companies with market capitalisations
inferior to € 350 mln (for more information refer to
page 53).
INCOME STATEMENT 2008 2009
€.000
Revenue 55 100
Total Operating Costs 52 96
EBITDA 3 4
EBITDA Margin % 6% 4%
Total Amortisation and Depreciation 1 1
EBIT 3 3
EBIT Margin % 5% 3%
EBT 2 3
EBT Margin % 3% 3%
Tax 1 3
Net Income 1 0
Margin % 2% 0%
Board of directors
Leonardo Etro Chairman
Alberto dell'Acqua CEO
Nicolo Cardi Director
Luigi Rabuini Director
Davide Maiocco
Director
Alex Pezzoli Director
Shareholders
King Advisory Company Srl 31%
Primorago Srl 31%
Oz-Ner Srl 15%
Fidor Spa 14%
Cardi Nicolo 3%
Avalon Real Estate Spa 3%
Castellini Mercorio & Partners 3%
BALANCE SHEET 2008 2009
€000 €,000
A) TOTAL FIXED ASSETS 2 4
B) WORKING CAPITAL 28 40
C) INVESTED CAPITAL (A+B) 30 44
D) ALLOWANCES 0 0
E) NET INVESTED CAPITAL (C-D) 30 44
G) SHAREHOLDER'S EQUITY 25 45
H) NET FINANCIAL DEBT 5 -1
I) SHAREHOLDER'S EQUITY + NFD (G+H) 30 44
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