DeA Capital launches flexible capital fund

DEA CAPITAL LAUNCHES FLEXIBLE CAPITAL FUND
Milan, 5 September 2022 – DeA Capital Alternative Funds SGR, part of the DeA Capital Platform, is further
expanding its range of products by launching a new alternative Special Situations fund named the
Flexible Capital Fund (the “Fund”).
Focusing on the Italian market, the Fund will invest in Italian companies with consolidated revenues of
more than EUR 50 million that are in temporary capital or financial distress but have adequate
prospects for future profitability. This is a flexible product that can invest in any part of the capital
structure, thereby aligning the interests of all stakeholders.
The Fund was created in response to market changes, in particular the impact of COVID-19, higher
costs and recent geopolitical crises, which have brought about an urgent need for alternative sources
of funding and capital and given an increasingly prominent role to specialised asset managers.
Flexible Capital will be run by Vincenzo Manganelli and Federico Giribaldi, Managing Directors of the
Special Situations Programmes at DeA Capital Alternative Funds. The team was first mover in the
Special Situations asset management market via the Corporate Credit Recovery investment
programme, which is Italy’s biggest turnaround programme in terms of both assets under management
(more than EUR 1.2 billion) and valuation levels thanks to the relaunch of investee companies brought
about using an equity style approach.

The Fund, also with support from DeA Capital and the De Agostini Group, will have initial capital of
over EUR 100 million in addition to a fundraising target of EUR 300 million. Several institutional
investors have already expressed an interest in investing in the fund.
“In continuity with the achievements of our Corporate Credit Recovery programme, which has helped
to turn around more than 40 Italian SMEs, rescuing some important Made in Italy brands such as Pigna,
Targetti and Util, and protecting over 15,000 direct and supply chain jobs, the aim of the Flexible
Capital Fund is to support Italian businesses that need capital and to transform, thereby saving longstanding Made in Italy brands, protecting jobs and helping the manufacturing base to achieve the
consolidation and growth that it needs”, said Vincenzo Manganelli, Managing Director of DeA
Capital Alternative Funds.

“The experience that we have built up at DeA Capital Alternative Funds and the loyalty of our main
investors has enabled us to create the Flexible Capital Fund, which is a balanced company turnaround
model, an innately ESG solution and a unique and attractive opportunity for institutional investors in
Italy and abroad”, added Gianandrea Perco, Chief Executive Officer of DeA Capital
Alternative Funds.

DeA Capital S.p.A., Registered Office in Milan, Via Brera 21, 20121 Milan – Italy, tel. +39 02 6249951, fax +39 02 62499599
Controlled and coordinated by De Agostini S.p.A., Registered Office in Novara, Via G. da Verrazano 15, 28100 Novara – Italy
Authorised share capital of EUR 266,612,100, fully paid up – Tax Code and Registration in the Milan Companies Register no. 07918170015.
Member of the “B&D Holding VAT Group”, VAT No 02611940038, Milan Economic and Administrative Index No 1833926
For further inormation please contact:
Investor Relations
Anna Majocchi
Tel. +39 02 6249951
ir@deacapital.com
Press and Communication Office
Marco Scopigno
Tel. +39 06 68163206 / 348 0173826
marco.scopigno@deacapital.com
. . .
DeA Capital (www.deacapital.com). DeA Capital S.p.A., a subsidiary of De Agostini S.p.A. and listed on the STAR segment of the Euronext Milan market of the Milan Stock Exchange, is the leading independent Italian player in the Alternative Asset Management sector (for assets under management), with combined assets under management of approximately EUR 26.2 billion. The Group Platform – concentrated on the two subsidiaries, DeA Capital Real Estate SGR and DeA Capital Alternative Funds SGR, as well as on the related indirect majority investment in Quaestio Capital SGR – is engaged in the promotion, management and development of real estate, private equity and credit investment funds, as well as in multi-asset/multi-manager solutions for institutional investors.
DeA Capital Alternative Funds SGR (www.deacapitalaf.com) – Founded in December 2006, DeA Capital Alternative Funds SGR SpA is 100% controlled by DeA Capital SpA, a De Agostini Group company. DeA Capital Alternative Funds SGR is Italy’s leading independent asset manager in the alternative assets sector, with EUR 5.7 billion in assets under management, in particular invested in global funds of funds, direct sector funds investing in mid caps, DIP (Debtor-inPossession) Financing funds as well as NPL funds.