SUPPORTING LOCAL DEVELOPMENT - SinlocPRIVATE EQUITY FUNDS INTERNATIONAL FINANCIAL INSTITUTIONS...
Transcript of SUPPORTING LOCAL DEVELOPMENT - SinlocPRIVATE EQUITY FUNDS INTERNATIONAL FINANCIAL INSTITUTIONS...
SUPPORTING LOCAL DEVELOPMENT
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Energy-efficient street lighting, Savigliano (Piedmont)
Marina, Sulcis (Sardinia)
Anfass (Center for the Disabled), Selargius (Sardinia)
Cruise terminal, Cagliari (Sardinia)
Photovoltaic plant, Agri-foodstuffs Market, Padua
Botanical gardens, Padua
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Sinloc is a consulting and investment companywith operations throughout Italy.
It promotes the development of local publicinfrastructure through its advisory services, feasibilitystudies and direct investments in Public-PrivatePartnerships (concessions, project financing etc.).Sinloc also facilitates the access to EU fundsand their efficient and sustainable use.
Sinloc operates in the following sectors:
We provide tangible solutions to local issues and concerns.
We have a wide and diversified track record of concrete projectsand we always develop an accountable responsibility to bothinvestors and local communities involved.
values that shape our identity and guide our actions.
We focus on economic, financial, social, end environmentalsustainability of the project we undertake..
Professionalism, Proximity, and Passion are the
Energy Efficiency and Renewable EnergyPublic UtilitiesUrban Transformation, Real Estate, and Local DevelopmentHealthcare and WelfareEducation and ResearchLogistics and Public TransportationArt, Culture, and Tourism
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OUR SERVICES
We serve our target markets and sectorsthtough three business lines:
FUND MANAGEMENT
ADVISORY SERVICES
EQUITY INVESTMENTS
URBAN TRANSFORMATION,REAL ESTATE,AND LOCAL DEVELOPMENT
ART,CULTURE,AND TOURISM
HEALTHCAREAND WELFARE
LOGISTICSAND PUBLICTRANSPORTATION
EDUCATIONAND RESEARCH
PUBLIC UTILITIESENERGY EFFICIENCYAND RENEWABLE ENERGY
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TARGET AREAS
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CLIENTS AND PARTNERSFOR ADVISORY SERVICESAND INVESTMENTS
INFRASTRUCTUREAND FACILITY MANAGERS
FOUNDATIONS OTHER NON-PROFIT INSTITUTIONS
INFRASTRUCTURE ANDPRIVATE EQUITY FUNDS
INTERNATIONAL FINANCIALINSTITUTIONS
MUNICIPALITIESAND LOCALAUTHORITIES
We provide advisory services to a wide range of clients,supporting the planning and implementation of theirinfrastructure and local development projects.We co-invest with institutional and industrial partners indeveloping infrastructure projects to meet community needs.
CENTRALGOVERNMENTAUTHORITIES
OTHERPUBLICAGENCIES
MAIN CONTRACTORSAND DEVELOPERS
BANKS
PUB
LIC
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TIES
NON
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FIT
INST
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TIO
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FIN
ANCI
ALIN
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PRIV
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COM
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PUBLICHEALTHAUTHORITIES
UNIVERSITIES
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CORPORATE STRUCTURE
The company’s financial statements are audited.
Our shareholders are ten Italian banking foundations.The ongoing collaboration with our shareholder allows us to focus objectives andresources to implement initiatives designed to enhance the competitivenessof target communities.
The company’s equity holding exceeds 43 million euros, mostly invested ininfracstructure and local development initiatives.
EQUITY
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ADVISORYSERVICES
FEASIBILITY STUDY IMPLEMENTATIONAND FINANCING SUPPORT
MONITORING
Evaluate project feasibility,highlighting the strengths,weaknesses, opportunities,and risks
Determine the optimal projectfinancial strategy and provideimplementation support
Continuous project monitoring,highlighting and identifyingcorrective strategies and actions
Assistanceto identifyand structurethe most viablesolutionsto implementand financeinfrastructureprojects
PHASES PROJECT
Typical consulting services include:
We support public entities, governments, financial institutions,and foundations that seeks the best methods to execute theirinfrastructure and local development projects.
We verify project feasibility, hightlighting the strengths, weaknesses,opportunities and risks, and establishing optimal procedures andexecution strategies. In addition, we continuously monitor the projectin the planning, construction, and management phases, indentifyingany corrective strategies and actions that may be necessary.
Technical assistance in the operational phase
Strategic and business planningAsset valuation and optimisation support
Ex-ante and ex-post assessmentEconomic and financial due diligence
Monitoring and budgeting
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More than 300 feasibility studies and/or supportcontracts for local projects
Support for the start-up of four Regional SocialHousing Funds (target assets under managementex ante of approximately 320 million euros)
© Archimation
Advisory services to seven Italian Regions in activating EU-regulated financial instruments for urban transformation and energy efficiency projects
Support to six Italian Provinces under the Euro-
project pipeline in excess of 210 million euros
Monitoring Agent of the Hydrobond transaction for 12 integrated water system providers with the securitization of minibonds for a total of 227 million euros
pean Local Energy Assistance program (ELENA), originated by the European Investment Bank (EIB), and activation of an energy efficiency
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TENDER EQUITY DEPLOYMENTMONITORING OF THE PROJECT SPV
AND ITS MANAGEMENT
Origination and assistance tobusiness partners in thecompetitive tendering phase,with the investment committmentsubject to an adequaterisk/return profile
Upon tender award, financialstructuring and deploymentof required capital to set upand develop the SPV
Implementation and monitoringof the project, actively supportingits management by identifyingyield enchancing and riskreducing opportunities
EQUITY INVESTMENT
Investmentsaimed atsupportingsustainablelocal initiativesthroughPublic-PrivatePartnerships
INVESTMENT PHASES
We provide business partners operating in this market with financial resources as well as expertise and skills. We can both invest at an early/greenfield project stage (pre-tender)or at a later stage after the contract has been awarded.Our equity investments are typically structured through SPVs (SpecialPurpose Vehicles) and we often support subsequent co-investments fromlong-term institutional investors throughout the project lifecycle.
We provide the SPV with arrangement services in the financial closing phaseand monitoring services in the construction and management phases.
We provide comprehensive solutions for the investment process:
Economic and financial planningRisk assessment and allocationEquity and shareholder loan solutionsCommercial (EPC, O&M) and financial closingMonitoring and budgetingProgramme managementWay out and exit processes
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Over 400 millions euros invested in local infrastructure projects in the last seven years
Investments in excess of 180 million euros in the energy sector activated throughterritorial holding companies in partnershipwith institutional investors (regionaldevelopment banks, foundations) andindustrial partners
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FINANCIAL INSTRUMENT SET-UP PROJECT SCOUTINGPROJECT CLOSINGAND MONITORING
Identification and structuringof the financial instrument
Origination and preliminaryassessment of eligible projectsgiven the investment policy,objectives, and evaluationcriteria
Support to the fund managerin the valuation, commercialand financial closing processes,and subsequent monitoring
FUND MANAGEMENT
Long-termassistanceto investmentplatforms forproject origination,structuring andmonitoring
INVESTMENT PROCESS PHASES
Our clients are public administrations and financial institutions (regionaldevelopment banks, asset managers, SiCAF, etc.) interested in setting up
and managing financial instruments for investments in regional and/or sector-specifics projects.
We act as techincal advisor and partner of the fund manager in structuringthe financial instrument, originating projects, supporting the valuation andinvestment process, and subsequent monitoring of the project portfolio.
Fund Management services include:
Strategic planning for the set-up of financial instruments and specialisedinstrumentsTechnical assistance for the origination, assessment, and valuation ofproject pipelines in the deployment phaseEconomic and financial due diligence for short-listed projectsMonitoring and budgeting of investments undertaken
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Management of three Development Funds in partnership with Italian banks, within JESSICA (Joint European Support for Sustainable Investment in City Areas) program promoted by the European Investment Bank (EIB), with an endowment in excess of 120 million Euros, through which projects of over 240 million Euros were financed
Management of a Fund created by the Italian Ministry of University, Research and Innovation, with the support of the European Investment Bank, endowed with 62mln/€ to finance research and innovation projects in the regions of Southern Italy, as well as in Sicily and in Sardinia
Technical assistance to three Social Housing Funds in Piedmont, Veneto and central Italy, endowed with over 220 million Euros, which may soon reach about 300 million Euros
Nearly 20 million euros already invested in technical assis-tance to a real estate fund that supports wood-waste biomass cogeneration plants; at the same time, Italian and foreign investment funds have allocated approximately 185 million euros to assess energy efficiency and renewable energy projects for a pipeline of target investments
ADVISORY SERVICES AND FUND MANAGEMENT OUR MAIN CLIENTSACEN - Associazione Costruttori Edili NapoliAcqua & Terme Fiuggi SpAAgricola Biometano SpAAltair Progetti Srl AMAG SpA APCOA PARKING Italia SpAA.R.E.A.N. Agenzia Regionale per l’Energia-Regione AbruzzoArdea Energia SrlAssociazione delle Fondazioni di origine bancaria del PiemonteAssociazione tra Casse e Monti dell’Emilia RomagnaAssolavoro ASUR Azienda Sanitaria Unica Regionale MarcheAutostrada Regionale Cispadana SpA
Banca Europea per gli InvestimentiBanco di Sardegna SpABell Gest SrlBIM Gestione Servizi Pubblici SpABrianza Energia Ambiente Spa
Camera di Commercio di ModenaCamera di Commercio di PadovaCen.Ser. SpA - Rovigo FiereCentro Servizi Anziani di AdriaCervet SrlCIR Food Coperativa Italiana di RistorazioneClara SpACME Consorzio Imprenditori Edili Soc.Coop.CNP SpA Cofel SrlCofim Srl Cogipower SrlComat SpACom.Ex. Energia SrlCompagnia di San PaoloComune di CortinaComune di CuneoComune di FanoComune di FiuggiComune di FornovoComune di LuccaComune di MantovaComune di ModenaComune di PescaraComune di PistoiaComune di PratoComune di RavennaComune di RovigoComune di TarvisioComune di Teramo
Consorzio ZIP Zona Industriale PadovaCooperativa Forlivese di Edificazione
CPL Concordia Soc. Coop
Diocesi di PadovaDiocesi di Terni Narni AmeliaDomus Assistenza DSU ToscanaEdil Veneta SrlEGEA SpAEngie Italia SpAERVET Emilia-Romagna Valorizzazione Economica Territorio SpAEsclamativa SrlEse Nurra SrlEstra SpAE.T.A.V. SrlEuganea Sanità SpAFER - Ferrovia Emilia Romagna SrlFHS Fondazione Housing SocialeFIEE Fondo Italiano per l’Efficienza Energetica SGR SpAFinanziaria Bologna Metropolitana SpAFinanziaria Vittadello Srl Finaosta SpaFinpiemonte Partecipazioni SpAFondazione CariparmaFondazione CariploFondazione Carispezia
Fondazione Cassa dei Risparmi di ForlìFondazione Cassa di Risparmio di FossanoFondazione Cassa di Risparmio di GoriziaFondazione Cassa di Risparmio di LuccaFondazione Cassa di Risparmio di ModenaFondazione Cassa di Risparmio di Padova e RovigoFondazione Cassa di Risparmio di Pistoia e PesciaFondazione Cassa di Risparmio di Reggio Emilia Pietro ManodoriFondazione Cassa di Risparmio in BolognaFondazione Cuoa
Fondazione di VeneziaFondazione Friuli Fondazione IUAV VeneziaFondazione Monte dei Paschi di SienaFondazione Pescarabruzzo Fondazione Santa TeclaFondazione Sviluppo e CrescitaFondazione TercasFondazione VarroneForesight GroupFratelli Tosetto SasGemmo SpAGeneral Energetic SAGheller SrlGradiente SGR SpAGrandi Lavori Fincosit SpAGruppo ICM SpAGulliver Cooperativa Sociale 14
Azienda Sanitaria Locale Taranto
CambiaMo SpaCamera di Commercio di Cagliari
Consorzio Industriale Provincia di SassariConsorzio Nazionale Servizi Soc. Coop. A.R.L.
Coopservice Soc. Coop p. A.
CTM Spa
Fondazione Cassa dei Risparmi di Alessandria
Fondazione di Sardegna
OUR MAIN PARTNERS
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AAU SBi - Aalborg University (DK)ALIMOS - Dimos Alimou – Municipality of Alimos (GR)ARUPASSISTAL - Associazione Nazionale Costruttori di impianti e dei servizi di efficienza energetica ESCo e Facility ManagementBIT Energia SrlCamera di Commercio e dell’Industria dell’Ungheria (HCCI) CMC - Camara Municipal de Coimbra (PT)
Comune di Messina
Cooprogetti Soc. Cop. Denish Building Research Institute-Università di Alborg Distretto di Alimos (GR)
ENEA
Hydrodata SpA
Innova BIC Srl
ISR - Instituto de sistemas e robotica (PT)NCTM Studio Legale
Pool Engineering Srl
SAEET Impianti Srl STEAM
Studio Legale GuiducciTECNALIA - Fundacion Tecnalia Research & Innovation (ES)
Hera Luce SrlIBI Iccrea Banca Impresa SpA Idroemilia SrlIntercantieri Vittadello SpA Interporto Solare SrlInvestiRe SGR SpA - Abitare VenetoInvestiRe SGR SpA - Fondo Abitare Sostenibile PiemonteInvestire SGR SpA - Fondo Housing Sociale Italia CentraleIsland Global Yachting Ltd. L&ScapeLeroy Merlin Italia Srl L’Operosa ScarlMak Costruzioni SrlMarestate Snc
Mercafir SCPAMetal Team Work Srl
MWT SrlNuova Co.ed.mar. SrlParcheggi Italia SpAPark Repubblica SpAPergolesi Sport ssd a.r.l. Piacentini Costruzioni SpAPizzarotti & C. SpAPool Engineering SrlPortocittà SrlProgetto ISOM SpAProgetto PP1 SpAProvincia autonoma di BolzanoProvincia di BellunoProvincia di ChietiProvincia di MilanoProvincia di PadovaProvincia di RomaREAM SGR SpA - Fondo Green Star
Regione AbruzzoRegione Autonoma della Sardegna
Regione Autonoma Friuli Venezia Giulia Regione CampaniaRegione Emilia-RomagnaRegione LazioRegione MarcheRegione SicilianaRegione ToscanaRegione VenetoReti Distribuzione SrlRiesco Srl Salini Impregilo SpASauber SrlSiram SpASmail SpASmart City SpASocietà di Biotecnologie SpASocioculturale Coop.Soc.OnlusSolco Consorzio di Solidarietà e Cooperazione - Società CooperativaStudio di Architettura GallinaStudio Commerciale Associato BoldriniSVIM Sviluppo MarcheSynchron Nuovo San Gerardo SpA Tanaro Power SpATecnalia Research & Innovation FoundationTiemme Costruzioni Edili SpAUIR-Unione Interporti RiunitiUnindustria TrevisoUnione Comuni GarfagnanaUnione dei Comuni della Bassa RomagnaUniversità Ca’ Foscari VeneziaValorizzazioni CulturaliVeneto Sviluppo SpA
Vicenza Futura SpAViveracqua Hydrobond 1 SrlZed Entertainment’s World Srl
Marguerite II SCSp
Municipia Spa
Reekep Spa (già Manutencoop Facility Management Spa)
Veritas Energia Spa
Comune di Lund (SVE)
Comune di Padova
E.ON Energilösningar Aktiebolag (SVE)
Energinvest (BEL)
Goriška Local Energy Agency (SLO)
Holding Energia Risorse Ambiente Spa
PETROL d.d. (SLO)
ETVA VI PE (GR)EUDITI LTD - Energy and Environmental Design (GR)EURAC Research
IRENA - Istrian Regional Energy Agency Ltd (CRO)
Politecnico di Milano
Research Burgenland Ltd. (AUT)
Studio Finocchiaro, Formentin, Saracco e Associati
Union Internationale de la Propriété Immobilière (BEL)Università di Aalborg (DAN)Università degli Studi di PadovaWater utility of Istria (CRO)
Fieldfisher LLPGOP Gianni, Origoni, Grippo, Gruppo Cappelli & Partners
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SOME OF OUR INVESTMENT PROJECTS SINLOC, through Ardea Energia Srl, has set up
Tanaro Power Srl,
for the construction of a hydroelectric plantin Santa Vittoria d’Alba (CN)4,3 MW Power
for a total investment of€ 11,500,000Year of investment: 2015Exit: 2018
SINLOC has set up andco-invested in , a holding company,
Idroemilia Srl
for the design, construction, and management of hydroelectric power plantsin Emilia Romagna5.8 MW Power
for a total investment of € 14,100,000Year of investment: 2015Exit: 2017
SINLOC, through the EnriveSpA holding, has set up
Tuscia Ambiente SpA,
for the construction andmanagement of the FORSU Viterbo electric powerplant
for a total investment of€ 18,000,000Year of investment: 2014Exit: 2018
SINLOC has set up andinvested in the SPV,
Euganea Sanità SpA,
for the construction of ahealth care centre serving Este and Monselice
for a total investment of€ 155,000,000Year of investment: 2013Status: in portfolio
SINLOC, through ARDEA
and co-invested in the SPV,Bra Energia SpA,
for the construction andmanagement of a ogeneration plant and district
heating network serving the cityof Bra (CN)35 MW Power
for a total investment of€ 19,000,000Year of investment: 2013
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SINLOC, through the EnriveSpA, has set up and
co-invested in the SPV,Emme 2 Energy Srl,
for theconstruction of abiomass pover plantin Padua0,6 MW Power
for a total investment of€ 3,900,000Year of investment: 2012Status: in portfolio
SINLOC has set up andinvested in the SPV,
Labo Gest Srl,
for the construction andmanagement of theLaboratorio Unico Metropolitano (Metropolitan Laboratory)and restructuring of the Nuclear Medicine Building ofOspedale Maggiore in Bologna
for a total investment of€ 8,400,000 Year of investment: 2013Status: in portfolio
for the construction andmanagement of a wind farmin the Province of Sassari 9 MW Power
for a total investment of€ 12,000,000Year of investment: 2013Status: in portfolio
and co-invested in the SPV,
and co-invested in the SPV,Energia Srl, has set up
Exit: 2018
SINLOC, at first through its subsidiary Enrive and then with its own equity, supported
the creation, financing and management of the project companies Ese Nurra Srl,
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SINLOC has set up andinvested in the SPV,
Interporto Solare Srl,
for the construction andmanagement of a photovoltaic plant on the roofsof Padua’s Interport12 MW Power
for a total investment of€ 44,000,000Year of investment: 2010Status: in portfolio
SINLOC has set up andinvested in the SPV,
Bell Gest Srl,
for the construction of the methane trigeneration plantat Ospedale Bellaria, Bologna
for a total investment of € 2,700,000Year of investment: 2012Status: in portfolio
SINLOC has set up andinvested in the SPV,
Real Estate Property Pratodella Valle Srl,
for the restoration andmanagement licence forthe former Foro Boario of Padua, about 3000 sq.m. and adjacentcar park with about 550 spaces
for a total investment of€ 8,500,000Year of investment: 2009 Exit: 2017
SINLOC has set up andco-invested in , a holding company,Enrive SpA
investing in new companies in the field ofrenewable energy and energyefficiency, particularly inthe Veneto region
for a total investment of€ 33,000,000Year of investment: 2010Status: in portfolio
SINLOC has set up andinvested in the SPV,
PROGETTO ISOM SpA,
for the construction of the trigeneration plant and new system engineering at OspedaleSant'Orsola-Malpighi in Bologna
for a total investment of€ 31,000,000 Year of investment: 2011Status: in portfolio
SINLOC has set up andinvested in the holding
Ardea Energia Srl,
for the design, implementation,and management of energy efficiency initiatives andproduction from reneweableenergy sources in Piedmont
for a total investment of€ 48,100,000Year of investment: 2008
company,
SINLOC has set up andinvested in the SPV,
Mercato Solare SpA,
to build a photovoltaic plant located on the roof of the Agri-foodstuffs Market in Padua4,3 MW Power
for a total investment of€ 14,500,000Year of investment: 2010 Status: in portfolio
SINLOC has set up andinvested in the SPV,
Com.Ex. Energia Srl,
for the construction of amethane-powered cogenerationplant and district heatingnetwork in TurinThermal power: approx. 13MWt1,2MWe power
for a total investment of€ 6,000,000Year of investment: 2011Exit: 2015
SINLOC has set up andinvested in the SPV,
Società di Biotecnologie SpA,
for the design, construction,and management of the New School of Biotechnologyat the University of Turin
for a total investment of€ 18,000,000Year of investment: 2003Exit: 2018
Exit: 2018
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Equity Investment
CONTENTSDeveloped projects:
Advisory Services Fund Management
Over the past decade we have developed projects throughout Italy, manyof which in collaboration with important national and European partners.
WHERE WE OPERATE
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Hydroelectric Plant, Santa Vittoria Alba (Cuneo)
Energy efficiency Policlinico S. Orsola Malpighi (Bologna)
Este and Monselice Hospital (Padua)
Wind farm, Ese Nurra (Sassari)
School of Biotechnology, Turin
Italian Logistic and International Platform Observatory
Sinloc S.p.A.Via Gozzi 2/G PadovaTel 049 8456911 - Fax 049 8456909
[email protected]: Sinloc - Sistema Iniziative Locali SpATwitter: @Sinloc_spa