Apax-backed Fibonacci completed the acquisition of Quid Group and Cabel from Equinox.

Apax-backed Fibonacci completed the acquisition of Quid Group, a company providing consumer credit software solutions, and Cabel, a company specializing in core banking and Banking-as-a-Service solutions, from Equinox, a private equity fund investing in medium-sized Italian companies. Financial terms were not disclosed. “These strategic moves enable us to invest significantly in innovation, reinforcing our position as a leader in financial software. With Apax’s support and the expertise of our integrated management team, we are well-positioned for sustainable, long-term growth,” Andrea Pettinelli, Fibonacci Group CEO.