M.S. in General Finance (STEM) · New York
Master’s in Accounting, Finance and Business Consulting · Padua
Bachelor’s in Accounting and Law (L–18) · Trento
Pre/post OLS on Δ operating indicators (t−2,−1 vs t+1,+2) over ~460 acquirer–target pairs, screened from 2,140 European SME deals (2014–2024, ≥51% stake, acquirer LTM revenue ≤ €50m). Deal and target regressors come out not statistically significant; country fixed effects do, with adjusted R² near zero.
NVIDIA valued on peer multiples and an unlevered FCF model to 2032, off FY2022 filings and Visible Alpha consensus, with bear/street/bull switches on revenue, EBIT, WACC and TGR. At an 11.28% street WACC implied value runs €48.43 to €103.13 — 35.5% below the €160 market price even on the bull case.
Position taken at $121 pre-split in October 2022 on the AI demand drivers the model could not price; closed at $126 post 10-for-1 split, +941%.
Rexha Pulizie · Commercial cleaning business, Trentino-Alto Adige
Arkios Italy S.p.A. · Mid-market investment bank, Milan
Studio Salvetta D.C.A. · Corporate advisory, Trento
Five-person team covering Duolingo (NASDAQ: DUOL); Tri-State Champions (New York, Connecticut, Massachusetts) and third place at the U.S. Regional Semifinals.
All-equity merger pairing Prada’s ultra-luxury with Capri’s mass-luxury scale and Americas reach. Synergies priced separately, offer set at the midpoint of the range — accretive to earnings from year two.
DCF, comps exit multiple and economic profit triangulated on Hyatt’s asset-light transition. All three land above the traded price — the market is discounting execution risk, not cash generation.
Signed by Hong Hong, at Arkios since 2012 and CFO of the bank, who runs sell-side mandates across packaging, machinery and chemicals. She supervised the internship directly.
Associate Professor of Corporate Finance at the University of Trento, who taught the course and supervised the thesis, discussed with full marks in December 2023.