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New Deal


Announced

Clessidra to acquire Impresoft from Xenon Private Equity for $225m.

Financials

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Transaction Value£170m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Private Equity

Friendly

Acquisition

Pending

Majority

Single Bidder

Software

software development

Italy

Domestic

Synopsis

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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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