Corporate Finance & Capital Markets
Corporate finance advice for complex mid-market transactions, connecting strategic objectives with ownership and financing decisions.
Strategic alternatives and capital structure, assessed from the client’s perspective.
Managing Directors with 25+ and 30+ years of experience, respectively.
M&A, capital raising and financing within an integrated advisory approach.
Investment assessment, acquisition financing and transaction execution.
Assess the target’s business plan and strategic fit, analyse valuation and financial sensitivities, and identify issues that affect the investment case. Support the sponsor’s assessment of opportunities and the financial workstreams of due diligence.
Evaluate majority and minority investment structures, share acquisitions and capital increases against the sponsor’s objectives. Analyse the implications for valuation, ownership and funding, working with legal and accounting advisers on the transaction framework.
Assess debt capacity and equity requirements in the context of the acquisition and the target’s investment plan. Structure financing alternatives and support engagement with banks and credit funds, including club deals and syndicated facilities.
Support the sponsor in negotiating financial and commercial terms and coordinating financial inputs across advisers. Maintain alignment between acquisition terms and financing arrangements as the process advances towards investment and capital deployment.
Advice to shareholders, management teams and financial sponsors on acquisitions, disposals and strategic alternatives, combining financial analysis with transaction structuring and direct senior support through negotiation and execution.
Assess acquisition, disposal and partnership options against the client’s strategic and financial objectives. Evaluate the implications for ownership, business development and capital requirements, and define the transaction perimeter and the principal issues for the process.
Identify and assess potential targets or buyers and support the evaluation of transaction opportunities. Analyse the target’s financial and operating information, coordinate financial due diligence inputs and assess how findings affect valuation and transaction terms.
Develop financial models and valuation analysis to support the client’s negotiating position. Compare alternative ownership and transaction structures, including share and asset transactions, and assess their interaction with acquisition financing and the proposed capital structure.
Advise on financial and commercial terms and support negotiations with counterparties. Coordinate the financial workstream with legal, accounting and technical advisers, maintaining consistency between valuation assumptions, the agreed structure and the transaction documentation.
Independent advice on equity funding and ownership decisions, including capital increases and private placement equity fundraising, with a focus on the relationship between capital requirements, valuation and transaction terms.
Assess the equity requirement in the context of the business plan, planned investment and available debt capacity. Evaluate capital-raising alternatives against shareholder objectives and the implications for the company’s ownership and overall capital structure.
Advise on the timing and structure of a proposed capital-raising process in light of market conditions. Develop the financial analysis underpinning the transaction and support the coordination of information and valuation materials for investor discussions.
Assist the client in evaluating proposed financial terms and their effect on ownership and funding objectives. Coordinate financial inputs with legal and other advisers as the transaction progresses, supporting consistency between the capital requirement and the agreed structure.
Assess financing requirements against the acquisition rationale, business plan and cash-flow profile. Evaluate debt capacity, repayment requirements and the balance between equity and debt, considering the implications for financial flexibility and future investment needs.
Develop acquisition, capex and structured finance solutions and evaluate refinancing or restructuring alternatives. Compare loan and bond options, including senior secured acquisition facilities, and advise on financing terms in the context of the proposed capital structure.
Identify appropriate banks and credit funds and support the financing dialogue. Coordinate the information required for lender assessment, compare financing proposals and support the structuring of club deals or syndications involving multiple lending institutions.
A cross-functional capability supporting M&A, sponsor investment decisions and capital structure advice, alongside standalone valuation mandates for businesses, assets and investments.
Assess value in the context of the transaction or mandate, drawing on cash-flow analysis, market benchmarks and asset-based approaches as appropriate. Establish the principal valuation assumptions and assess their relevance to the business and investment under review.
Analyse historical financial performance and the assumptions underlying management projections. Develop financial models and sensitivities to assess cash generation, funding requirements and the effect of different operating or financing assumptions on value.
Translate financial analysis into a basis for investment assessment, pricing and negotiation. Evaluate how alternative transaction structures and financing arrangements affect equity value and the economics of the proposed acquisition, disposal or capital increase.
Provide valuation analysis for corporate and investment decisions, financial reporting and other purposes identified in the mandate. Select methodologies appropriate to the asset and available information, and articulate the assumptions and limitations underlying the conclusions.
Specialist advisory for institutional investors in illiquid assets, including real estate, private equity, venture capital and NPLs, supporting risk assessment and control across the investment process.
Identify the relevant credit, market, liquidity and operational risk exposures associated with an investment or portfolio. Assess their potential financial implications and support the consideration of risk in investment decisions and ongoing portfolio oversight.
Support the definition of risk policies and management frameworks consistent with the investor’s objectives and risk appetite. Advise on procedures and controls that connect investment assessment with the organisation’s broader risk management responsibilities.
Develop risk measurement and reporting approaches appropriate to the characteristics of illiquid assets. Support the assessment of exposures and the communication of material risks, providing a consistent basis for monitoring and management review.
Evaluate strategies to mitigate identified exposures and support the review of regulatory risks relevant to the investment process. Assist the investor in assessing the implications of adverse developments and considering appropriate risk management responses.
AD Capital Consulting is led by senior professionals with extensive experience across Investment Banking, Corporate Finance, Capital Markets and Risk Management.
Managing Director
25+ years of experience
Andrea has held senior positions at UBS, Deutsche Bank, Capitalia (UniCredit).
He holds an MS in Economics from Sapienza University of Rome and has attended postgraduate programmes at London Business School, New York University and the University of California.
He is an Adjunct Professor at LUISS Business School and a Senior Advisor to Arthur D. Little S.p.A.
Languages: Italian, English and Spanish.
Managing Director
30+ years of experience
Dario served as General Manager of the UniCredit Pension Fund and as a Director and member of the Investment Committee of Effepilux SICAV and Effepilux Alternative.
Previously, he was Head of Risk Management of Capitalia Group (UniCredit) and spent ten years within the supervisory function of the Bank of Italy.
He holds an MS in Political Science and Economics from Sapienza University of Rome and is a Senior Advisor to Arthur D. Little S.p.A.
Languages: Italian and English.