#USA #Milan #H.I.G. Capital #Project Informatica #EMK Capital

H.I.G. Capital Announces the Sale of Project Informatica

H.I.G. Capital, a prominent global alternative investment firm managing $70 billion, recently disclosed an important development in its portfolio. The firm has entered into a definitive agreement to divest Project Informatica, a key player in the Italian Information Technology (IT) market, to EMK Capital, a private equity firm focusing on growth opportunities.

Strategic Transaction

The agreement not only marks a significant change for Project Informatica but also highlights the continuing evolution of the firm since its inception in 1990. Founded as a technology service provider, Project Informatica has made substantial strides under the guidance of H.I.G. during its investment tenure. This partnership facilitated the completion of seven strategic acquisitions, allowing the group to quadruple its revenue and solidify its position within the competitive IT landscape in Italy.

The management team of Project Informatica, alongside H.I.G., plans to reinvest in the company, thereby supporting its next growth phase. This level of commitment demonstrates confidence in the business model and the potential for future expansion.

Raffaele Legnani, Managing Director at H.I.G., expressed pride in the company's growth trajectory. "We have actively contributed to Project Informatica's advancement, helping transform it into a benchmark entity in the ICT sector. The financial returns achieved for our investors are commendable, and we look forward to continuing our support for the management team in their next development phase."

Project Informatica's Growth Story

Project Informatica has become synonymous with success in the Italian market, boasting over 700 employees and generating revenues exceeding €450 million. The group specializes in various IT solutions, including cybersecurity services, hybrid cloud networking, and artificial intelligence applications designed to facilitate digital transformations for its clients. The firm's comprehensive service offerings have positioned it as a trusted partner for both small and medium-sized enterprises and public sector clients alike.

CEO Alberto Ghisleni acknowledged the instrumental role H.I.G. played in this growth journey, attributing the firm’s strategic support to Project Informatica's ability to thrive in a fast-evolving market landscape. The company’s partnership with H.I.G. was pivotal, enabling the implementation of an aggressive growth strategy aimed at strengthening its market position. Ghisleni expressed optimism about EMK Capital's entry as a major investor and the new opportunities it presents for the company’s evolution.

EMK Capital's Vision

Fabio Cadeddu, a partner at EMK Capital, commented on this strategic investment, highlighting Project Informatica's growth and innovation capabilities. EMK’s investment strategy focuses on identifying and nurturing value, particularly in consolidating sectors such as IT services. Cadeddu's vision aligns with the intentions of both H.I.G. and Project Informatica's management, aiming to bolster the company’s market leadership and broaden its range of technological services.

By leveraging its extensive experience in mid-market investments, EMK anticipates enhancing Project Informatica's capacity to serve clients effectively, thereby ensuring long-term success and sustainability.

Conclusion

As Project Informatica embarks on this new chapter, the synergy between EMK Capital, H.I.G. Capital, and the management team is expected to drive further innovations and successes within the sector. This transaction is not just a financial maneuver but a pivotal moment that promises to redefine the competitive landscape of the IT market in Italy.

To explore more about Project Informatica and its service offerings, visit weareproject.com. For insights into H.I.G. Capital, details can be found at hig.com.