Dedagroup completed the acquisition of the remaining stake in Piteco for $252m.

Synopsis

Dedagroup, an application solutions and IT services provider, completed the acquisition of the remaining stake in Piteco, a financial software products developer, for $252m.

Principals

target

PITECO

bidder

DEDAGROUP

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Market Context

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Seller Team (1)

paolo virenti

CEO at PITECO

Manager

target

Deals

£ 238 M

Total Value

Bidder Team (2)

emanuele trucco

Partner at Shearman & Sterling

Lawyer

bidder

Deals

£ 3.10 B

Total Value

francesco cardinali

Managing Director at JP Morgan

Financial Advisor

bidder

Deals

£ 157.53 B

Total Value

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