Mandate: Valuation and Opinion as independent expert of the Board of Directors of IDeA Alternative Investments for the partial and  not proportional de-merger of Investitori Associati Sgr and Wise Sgr

Activities performed :

• valuation of company’s asset being spun off and calculation of the exchange ratio with respect to the value of IDeA Alternative Investments
• release of an opinion with reference to the above mentioned valuations

Deal value: n.a.