MILAN — “Don’t just take the money and run.”
Giovanni Tamburi, founder, chairman and chief executive officer of the publicly listed Tamburi Investment Partners, or TIP SpA, on Wednesday shared his views on the M&A scene and initial public offerings during a talk staged here by Italian daily paper Corriere della Sera.
“I don’t want to sound like a poet or a philosopher, but an IPO should be done for the good of the company and not the investors,” Tamburi said. “We have been investors in Interpump [Group, specialized in the production of high pressure water pumps] for 18 years and the company has benefited from this and we have grown our own investment fourfold.”
Tamburi clarified that TIP is an investment company and not a private equity fund, which works with a shorter exit time frame. “We only buy minority stakes in companies that we then accompany through their development with a long-term commitment.” The Marzotto, Loro Piana, Ferragamo and Campari families are among some of the investors in TIP, which has stakes in Moncler, Hugo Boss, Ferrari, Italian retailer OVS and Eataly, among others.
“We try to make it compatible for Italian entrepreneurs who do not want to fully sell their companies,
Giovanni Tamburi, founder, chairman and chief executive officer of the publicly listed Tamburi Investment Partners, or TIP SpA, on Wednesday shared his views on the M&A scene and initial public offerings during a talk staged here by Italian daily paper Corriere della Sera.
“I don’t want to sound like a poet or a philosopher, but an IPO should be done for the good of the company and not the investors,” Tamburi said. “We have been investors in Interpump [Group, specialized in the production of high pressure water pumps] for 18 years and the company has benefited from this and we have grown our own investment fourfold.”
Tamburi clarified that TIP is an investment company and not a private equity fund, which works with a shorter exit time frame. “We only buy minority stakes in companies that we then accompany through their development with a long-term commitment.” The Marzotto, Loro Piana, Ferragamo and Campari families are among some of the investors in TIP, which has stakes in Moncler, Hugo Boss, Ferrari, Italian retailer OVS and Eataly, among others.
“We try to make it compatible for Italian entrepreneurs who do not want to fully sell their companies,