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New Deal


Announced

Completed

HIG-backed Project Informatica completed the acquisition of Converge.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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system integrator

Domestic

Completed

Household Appliance

Single Bidder

household appliances

Italy

Majority

Acquisition

Private Equity

electronic products

Friendly

Private

Synopsis

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HIG-backed Project Informatica, a provider of technologies and advanced capabilities to support its customers in the digital transformation of business processes, completed the acquisition of Converge, an Italian system integrator. Financial terms were not disclosed. “The acquisition of Converge, and therefore the consolidation of our presence in the public sector, makes the Project Group an increasingly important operator in the Italian market. The extremely diversified customer base together with a very wide range of ICT solutions will allow us to further strengthen our positioning with customers and vendors," Alberto Ghisleni, Project Informatica Founder and CEO.

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