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Announced

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

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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