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Announced

Completed

Argos Wityu completed the investment in SB Italia.

Synopsis

Argos Wityu, an independent pan-European private equity group, completed the investment in SB Italia, a digital innovation company specialized in IT solutions and services for the management, integration, and digitisation of business processes. Financial terms were not disclosed. "We are very pleased to announce our investment in SB Italia, in partnership with the current management team. We believe that the IT sector is among the most important ones to focus on now, with outstanding prospects, as identified by the Italian Next Generation EU funds. We have developed clear and ambitious growth plans, fully in line with Massimo Missaglia and his team, and we think we can be a value-added partner for this project. Furthermore, in line with our usual approach, we feel we have the responsibility to provide not only financial resources but also skills, vision, and leadership. To accomplish this, we are looking forward to benefiting from the extensive experience of Pietro Scott Jovane, the new Chairman, and Paolo Scaroni, as a new member of the Board of Directors," Andrea Pavesi, Argos Wityu Partner.

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