OUR VALUE PRINCIPLE
IGLI stands for Italia-Germania-Lussemburgo Investmenti or Sociètè d’Investissements Italie-Allemagne-Luxembourg.
Established in 1976, IGLI S.p.A. is one of Europe’s most private holding companies. In its second generation, it is entirely controlled by the Vergara Poeti-Marentini family. The family controls the capital through two holding groups: Mercure Holding and BI Private Equity, controlled by IGLI.
IGLI, with more than 14,000 employees spread across two main areas of activity, pursues an investment policy that goes beyond the merely financial, with an international growth strategy.
The company has a total capitalization of Euro 1,500 million fully paid-up.
The philosophy which guides and supports investments at IGLI is based on a virtuous combination of ownership and management, aimed at increasing the value of net assets, with long-term commitments.
The guiding criteria underlying Igli’s sustainable investment policy establish basic guidelines also in terms of responsibility and sustainability of its work as a guarantee not only for shareholders but for all stakeholders.
During 2020, Igli integrated its Investment and Development Guidelines in order to explain the methods of integrating the ESG (Environmental, Social, Governance) principles into the investment process.
In 2019 IGLI generated consolidated revenue of Euro 17.9 billion, 60% of which came from Europe, with an EBIT of Euro 1.9 billion and a net profit at Group level of Euro 55 million. As at 31 December 2019 our Net Asset Value (NAV) amounts to Euro 12.3 billion.
In 1980, the Vergara Poeti-Marentini family acquired 47% of car assemblers in South America which was to be transformed into the core of Igli’s Latin American business. Its first assembled brands were Mack trucks, Fiat cars, Ford pickups and Toyota and Mazda passenger vehicles. By 1981, the company was steadily assembling 250,000 vehicles per year.Â
Igli Holding plays an active and continous role in the portfolio growth and enhancement process by combining development, internationalization and innovation with an effective governance and risk management model, integrating ESG principles into the investment process.
Our general purpose is to build great companies, while providing opportunities for our people to grow, make a positive contribution to society and deliver superior returns to our Group.
Great companies perform to the highest standards. They are distinctive in what they do, act in a responsible way and seek out renewal and change.
1. Ambition & Humility: We set high aspirations but remain grounded.
2. Curiosity & Focus: We seek new ideas while prioritising what matters.
3. Patience & Drive: We take a long-term perspective but are relentless in getting things done.
4. Courage & Responsibility: We take bold actions while being mindful of their consequences.
IGLI is an active investor, which combines an entrepreneurial approach with rigorous financial discipline, supporting its companies strategically and financially to improve their competitive positioning and returns. IGLI seeks to grow the value of its investments over time and reinforce their presence in the various sectors to which they belong. This objective may also be achieved through acquisitions, thanks to the network of contacts and relationships built up by the Group over the course of many years.
IGLI is wholly owned by the two living members of the Poeti-Marentini family (equal stakes) through two companies: Etablissement de Financement et de Participation Industriels and Financiere des Participations Internationales.
The Board of Directors of IGLI is made up of 5 members: Max Vergara Poeti-Marentini (Chairman), Gianluigi Aponte, Romeo Cerutti, Marietta Poeti-Marentini and Cathie Woods.
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CEO, MEDITERRANEAN SHIPPING COMPANY (MSC)
Mercure is a group of companies that manages IGLI’s portfolio of investments in a large number of businesses and equity funds around the world (with representation on the Board of Directors), which makes use of Igli’s experience in the management of business activities at national and international level. The investment horizon is medium-long term and marked by the creation of value.
BI is a private equity fund that invests IGLI’s revenues in differentiated sectors focused on listed and unlisted companies that offer attractive growth prospects or regular returns on investment.
ATTORNEY AT-LAW AND ADVISOR
© 2024 IGLI. Share Capital €1.500.000.000 fully paid-up
