What is it?
The Italian reserved private-equity AIF (Alternative Investment Fund) established in closed-end form and called “Euregio+ PMI”, is an Italian mutual investment fund that is managed by Euregio Plus SGR S.p.A. and falls within the scope of Directive 2011/61/EU, a reserved Italian AIF as defined by art. 1, para. 1, letter m-quater of Legislative Decree no. 58 of 24 February 1998 (the Testo Unico della Finanza [TUF or “Consolidated Finance Law”]).
The purpose of the Fund is the collective investment of the capital raised in the assets envisaged by the Regulation, with the aim of generating income and preserving, in the medium term, the real value of the Fund’s net assets, without entailing any obligation of result on the part of SGR. Typical investments are aimed primarily at unlisted companies whose registered and/or operating offices are located in the Trentino-Alto Adige Region. SGR will for investment purposes also take account of the related effects in terms of tax revenues for the Trentino-Alto Adige Region.
In selecting companies towards which to direct such investments, SGR takes into consideration such qualitative elements as the possession of a well-defined market position, a sound entrepreneurial management, proven capital solidity, adequate current and/or prospective profitability and significant potential for value creation, characterized by cashflow stability and growth over time.
In addition, SGR gives preference to companies that (i) have defined projects for development, at national and international level, or for a company launch; (ii) have concrete merger projects in place with the aim of becoming stronger on the national and/or international market; (iii) have prospects for enhancing particular brands, patents or know-how; (iv) use advanced and innovative processes and technologies
In selecting the companies for investment, SGR will take into consideration only companies with a turnover, at the time of the evaluation of the investment operation, of greater than or equal to 2 (two) million euros. SGR reserves the right to invest in companies with a lower turnover if they form part of company consortia or business networks or other forms of association and/or coordination of groups of companies.
The purchase, for any reason, of Units in the Euregio+ PMI fund is reserved to Professional Investors or, subject to acceptance by SGR, investors who are neither Professional Investors nor natural persons that, pursuant to art. 14, para. 2 of Ministerial Decree no. 30 of 5 March 2015, request SGR to subscribe or purchase Units for a total not less than that set out by the applicable legislation at the time in question.