MANAGEMENT & CAPITALI

Management & Capitali is a principal investment firm specializing in turnarounds, restructuring, and spin-offs. The firm typically invests in all sectors. It prefers to invest in distressed companies based in Italy. The firm seeks to provide financial support through high yield subordinated debt, financing convertibles into shares, and by purchasing non-performing loans issued by banks or other financial institutions. It was formerly known as Finerre. The firm was a subsidiary of CDB Web Tech SpA. Management & Capitali was founded in August 2005 and is based in Milan, Italy. Management & Capitali operates independently of CDB Web Tech SpA as of June 19, 2006.