INVESTMENTS

S SOLAR (GRUPPO INDUSTRIALE MACCAFERRI)

Investment date: October 2016

URL: www.maccaferri.it

Join Venture with Gruppo Industriale Maccaferri
Portfolio of 9 photovoltaic plants built and connected between 2008 and 2011
9.5MWp of installed capacity

<img src="data:image/gif;base64,R0lGODdhAQABAPAAAP///wAAACwAAAAAAQABAEACAkQBADs=" data-lazy-type="image" data-lazy-src="http://vaminvestments.com/wp-content/plugins/slider-wd/images/ajax_loader.png" class="lazy lazy-hidden wds_loading_img" /><noscript><img src="http://vaminvestments.com/wp-content/plugins/slider-wd/images/ajax_loader.png" class="wds_loading_img" />

Soundreef

Investment date: November 2015

URL: www.soundreef.com

Born in 2011, first European private company engaged in the collection of music royalties
International presence (15 countries), disruptive market positioning

<img src="data:image/gif;base64,R0lGODdhAQABAPAAAP///wAAACwAAAAAAQABAEACAkQBADs=" data-lazy-type="image" data-lazy-src="http://vaminvestments.com/wp-content/plugins/slider-wd/images/ajax_loader.png" class="lazy lazy-hidden wds_loading_img" /><noscript><img src="http://vaminvestments.com/wp-content/plugins/slider-wd/images/ajax_loader.png" class="wds_loading_img" />

DentalPro

Investment dates: December 2012; April 2015

Exits: April 2015

URL: www.dentalpro.it

Born in 2010, chain of dental clinics in shopping malls in central-north Italy
High margin, cash-flow business, rapidly growing both like-for-like and new locations
Rapidly growing (both like-for-like and new locations)
€50m run-rate turnover and 43 locations in 2015

<img src="data:image/gif;base64,R0lGODdhAQABAPAAAP///wAAACwAAAAAAQABAEACAkQBADs=" data-lazy-type="image" data-lazy-src="http://vaminvestments.com/wp-content/plugins/slider-wd/images/ajax_loader.png" class="lazy lazy-hidden wds_loading_img" /><noscript><img src="http://vaminvestments.com/wp-content/plugins/slider-wd/images/ajax_loader.png" class="wds_loading_img" />