Announced
Financials
Sources
Tags
Private
Private Equity
Friendly
Acquisition
Pending
Majority
Single Bidder
Software
software development
Italy
Domestic
Synopsis
Clessidra, an independent platform focused on the Italian alternative investment market, agreed to acquire Impresoft, a software company, from Xenon Private Equity, a private equity firm based in Milan, for $225m. "Impresoft Group operates in a sector with important growth prospects and double-digit development potential for some specific segments. Such growth is further boosted by the macro-trend of digitisation of SMEs, which represents a great development opportunity, especially in Italy. The unique structure of this group makes it an ideal asset for organic growth driven by sector trends and commercial synergies, as well as a potential platform for future combinations in an industry that traditionally has a strong appetite for M&A," Andrea Ottaviano, Clessidra Private Equity CEO.
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