ONE EQUITY PARTNERS TO ACQUIRE 29.9% OF ENGINEERING INGEGNERIA INFORMATICA S.P.A.
Milan, 14 June 2013 – One Equity Partners (OEP), a leading global investment firm, announced today that it has reached an agreement to acquire 3,644,801 shares, equal to a 29.9% stake in Engineering Ingegneria Informatica SpA., the leading Italian player in the IT industry, at the price of € 32 per share. Selling shareholders were Rosario, Costanza and Tommaso Amodeo.
Engineering Ingegneria Informatica is the leading IT Service company founded in Italy in 1980 serving more than 1,000 customers in finance, public administration, healthcare telecom and industrial services sectors. Engineering Ingegneria Informatica has shown strong growth since its listing in 2000, both organically and through acquisitions and has also weathered the financial and European crisis well.
OEP manages $10bn of investments and commitments for JP Morgan Chase & Co, in direct private investment transactions. Partnering with management teams, OEP invests in transactions that initiate strategic and operational changes in businesses to create long term value. OEP has significant experience in supporting, both from industrial and financial standpoint, companies in defining and executing growth strategies on the basis of deep understanding of the market, of the company, of the future opportunities and client needs. Today, OEP is invested in approximately 35 different companies, of which several are in the IT & technology space, including Mandiant (US network security and breach management), Netas (Turkish ICT provider), EGS (US BPO provider) and Portal de Documentos (Brasilian web based solutions provider).
“We believe that OEP will contribute to continue the successful expansion of Engineering in the future, for the benefit of its employees and customers” commented Mr Rosario Amodeo. “OEP is a global and reliable partner with a solid tradition of long term investments. This investment is a strong sign of confidence and trust both into Engineering and Italy.”
“We’ve been following and discussing strategic initiatives with Engineering since 2006 and are impressed with the success story that has been created by management and founders since inception. We have decided to invest in the company because we believe that we are able to support Engineering and its management team to capture attractive growth opportunities in managed services and cloud applications and in the international markets” said OEP Partner Joerg Zirener.
The completion of the transaction is subject to the approval of the Brazilian Competition Authority (Conselho Administrativo da Defesa Economica)
The Amodeo family is advised by EQUITA as financial advisor and Caiazzo Donnini Pappalardo & Associati as legal advisor.
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