Italian Small Cap Financial Advisory - Team - Methorios Capital

Borghesi, Colombo e Associati
‣ Borghesi, Colombo and Associati was founded
by Arnaldo Borghesi, who is a member of the
board of directors for Mediaset, Interbanca,
INCOME STATEMENT 2008 2009
€.000
Revenue 9,378 10,193
Total Operating Costs 6,032 5,839
RCS Quotidiani i (Gruppo RCS Mdi Mediagroup),
EBITDA 3,346 4,354
SIAS (Gruppo Gavio). In addition he is an
EBITDA Margin % 36% 43%
advisor to Versace and the Chairman of Sintesi Totale Ammortamenti e svalutazioni 109 125
(Parent company of Cabassi Group). Arnaldo EBIT 3,237 4,229
Borghesi remains a director at ENI, Si Saipem,
EBIT Margin % 35% 41%
EBT 3,242 4,236
Techint Cimimontuni, Ansaldo STS and Aviva
Vita and is an internal auditor for Sirti A.
Moratti Sapa (parent company of Saras
EBT Margin % 35% 42%
Tax 1,070 1,384
Humanitas Mirasolepartof Techint Group) and
Net Income 2,172 2,852
Lottomatica.
Margin % 23% 28%
‣ Arnaldo Borghesi is very well affiliated with the
Italian business community whereby his
BALANCE SHEET 2008 2009
relationship network would be a main driver for
€,000
Borghesi-Colombo.
A) TOTAL FIXED ASSETS 348 251
B) WORKING CAPITAL 4,228 5,653
‣ According to journalists the Borghesi’s client
C) INVESTED CAPITAL (A+B) 4,576 5,904
portfolio comprises of both large and small
D) ALLOWANCES 1,265 1,442
companies and the company has strong
connections with large Italian banks.
E) NET INVESTED CAPITAL (C-D) 3,311 4,462
G) SHAREHOLDER'SS EQUITY 2,470 5322 5,322
H) NET FINANCIAL DEBT 841 -860
I) SHAREHODLER'S EQUITY+NFD (G+H) 3,311 4,462
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