Investing in
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About Investar plc

Established in 2000 by Paolo Catalfamo and other investors to provide asset management and merchant banking services to institutional investors and high-net-worth clients, Investar now operates through its offices in Luxembourg, Malta, Italy, the United States and India.

It is the controlling shareholder of the financial conglomerate GlobalCapital plc, listed on the Malta Stock Exchange. The group includes a life insurance company, a health insurance company (in partnership with the British insurer Bupa) and an asset management company. All the operating entities are regulated by the Malta Financial Services Authority. The total assets of the group are approximately €250 million and the total capital is €25 million.

The group previously owned an asset management company regulated by the Bank of Italy which managed individual accounts, mutual, hedge and private equity funds. This business was eventually sold to a Swiss bank. The companies and their principals have raised and managed in excess of €10 billion.

The Group has established a number of operational joint ventures with European, American and Indian universities and with other multilateral organisations, including the Trilateral Group. Investar plc is currently offering a €25 million, five-year convertible note. The proceeds of the note will be used primarily to increase the holding in GlobalCapital plc in the next rights issue and to acquire interests in other financial and insurance services companies.

Investar plc operates through its offices in Luxembourg, Malta, Italy, United States and India

€25,000,000

Convertible Note Issue
Issuer
Investar plc, a public liability company registered in Malta
Securities
Fixed coupon medium-term notes exchangeable for underlying shares in GlobalCapital plc (GC)
Objective
To pursue investment opportunities in the financial and insurance sectors with potential for increased shareholder value through turnaround strategies and management synergies

  • Established in 1965
  • Listed on the Malta Stock Exchange
  • Licensed for life insurance, health agency and investment management
  • Very profitable
  • Opportunity for upside in asset management and unit-linked insurance products using the Malta insurance and investment services licences for passporting through Europe
  • Opportunity to fast-track the company’s growth by acquiring other financial and insurance services providers and to maximise synergies
  • Opportunity to grow the existing stake (currently at 53%), through new share issues, up to 75%.
Key investor benefits
  • A very attractive fixed interest coupon
  • The opportunity to gain from the international and domestic growth of GC
Securities
Exchangeable Medium-Term Notes
Face Value
€100,000 per note
Maturity
5 years
Coupon
6%
Exchange
Each note is exchangeable into GC ordinary shares

  • at the Noteholders' option
  • 24 months after the date of issue and at annual intervals thereafter,
  • at 80% of the market price of GC shares at the time of exercise
Offer
The Notes will be offered and issued to ‘qualified investors’ only
Market
Investar will apply for listing of the notes for trading on the European Wholesale Securities Market (Dublin)
Amount of issue
€25,000,000
Minimum investment
€100,000

Prof. Paolo Catalfano

Chairman & Founder
Prof. Paolo Catalfano
Founder & Chairman of merchant banking group Investar, based in Luxembourg, Malta, Italy, the US and India
Professor at the Villanova School of Business in Philadelphia
Chairman of GlobalCapital plc
Chairman of GlobalCapital Life Insurance Ltd
Chairman of GlobalCapital Financial Management Ltd
Chairman of GlobalCapital Health Insurance Ltd
Advisor to Equinox Partners, a private equity fund in Luxembourg
Vice President and Board Member of the National Italian American Foundation in Washington D.C
Chairman of NIAF Italia
Chairman of the Advisory Board of the American University of Rome
Board Member of the Advisory Board of the Villanova School of Business in Philadelphia
Former CEO of Franklin Templeton in Southern Europe

Downloads

Check out our detailed documents for further information

Financial Statements

2014 6MB
2015 6.6MB
2016 4.9MB

6% Exchangeable Notes 2022

Prospectus 411KB
Term Sheet 225KB

Information Documents

Investar plc 3.5MB

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Contact Information

Address: Investar plc,
GlobalCapital Building,
Testaferrata Street,
Ta’ Xbiex XBX 1403, Malta