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New Deal


Announced

Fondo Italiano d'Investimento to invest $180m in RINA.

Financials

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Transaction Value£141m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Private

Italy

public safety software

Software

Acquisition

Domestic

Private Equity

Minority

Single Bidder

Friendly

Synopsis

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Fondo Italiano d'Investimento, a multi-asset fund manager, agreed to invest $180m in RINA, a public safety company. "We have found in Fondo Italiano d'Investimento the most suitable interlocutor to share our growth path and the realization of the ambitious objectives we have all over the world. It is a very high level institutional partner, Italian like us, with which to build a new phase for RINA and which will give us the opportunity to fully implement our strategic plan. Based on ESG principles, it projects us towards increasingly digital services and processes and in favor of the ecological transition: a path that includes important investments possible also thanks to the commitment of the Italian Investment Fund," Ugo Salerno, RINA President and CEO.

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