Guidotti Ships is set to debut on the Euronext Growth Milan (EGM) on July 21, supported by a strategic investment from Vsl Club. The maritime services firm expects to raise approximately €5 million in equity to fund its industrial growth plan, with the Guidotti family retaining majority control of the company.
Vsl Club Takes 20% Stake as Anchor Investor
Investment holding firm Vsl Club will enter Guidotti Ships’ shareholding structure as part of the IPO, acquiring a stake of approximately 20%, according to reporting by Milano Finanza. Vsl Club, led by ship finance expert Fabrizio Vettosi, specializes in maritime logistics and shipping.
This move aligns with Vsl Club’s established strategy of acting as an anchor investor in “blue economy” companies. The holding company aggregates capital from prominent Italian entrepreneurial families and industrial investors, including the Costa, De Bon, Bogazzi, Bertola, and Di Luggo families. Vettosi previously headed the Ship Finance Working Group of the European Community of Shipowners (ECSA), where he remains a member.
The investment follows Vsl Club’s previous activity with NextGeo, another EGM-listed SME that recently became the target of an acquisition project by Fincantieri to build a national underwater hub.
IPO Structure and Capitalization Details
The offering is managed by Value Track Sim, which serves as the advisor and the Euronext Growth Advisor (EGA). Beyond the initial €5 million equity raise, the company’s development plan allows for subsequent capital increases based on industrial performance and growth opportunities.
The IPO includes specific financial instruments to align incentives and maintain governance:
- Price Adjustment Shares (PAS): 750,000 shares that convert into ordinary shares if the company meets specific profitability and cash generation targets by 2027.
- Multiple Voting Shares: 750,000 shares, each granting ten votes, to ensure the founding family maintains operational control.
Prior to the listing, the company’s capital was held by Sea Holding (62%), linked to Domenico Guidotti, and New Era Holding (38%), linked to Elisabetta Guidotti.
Guidotti Ships Operations and Financial Profile
Founded in 2000 and based in Termoli (Campobasso), Guidotti Ships provides a diversified range of maritime services. Its fleet operates primarily in the Adriatic Sea, serving major industrial and energy players such as Saipem and Edison.
The company’s service portfolio includes:
- Offshore assistance for oil and energy platforms.
- Environmental research and anti-pollution interventions.
- Passenger transport.
In 2025, the company reported revenues of €5.97 million, all of which were generated from operations within Italy, according to company data cited by Milano Finanza.
Summary of Listing Terms
| Detail | Specification |
|---|---|
| Listing Date | July 21 |
| Exchange | Euronext Growth Milan (EGM) |
| Expected Equity Raise | ~€5 million |
| Strategic Investor | Vsl Club (~20% stake) |
| Lead Advisor | Value Track Sim |
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