H.I.G. Capital Completes Strategic Sale of Project Informatica
Milan - H.I.G. Capital, a prominent global alternative investment firm that manages $70 billion, is excited to reveal that an affiliate has signed an agreement to sell its portfolio company, Project Informatica. This group is recognized as a leader in the Italian Information Technology market. The buyer, EMK Capital, is noted for its growth-focused investment strategy. Both the management team of Project Informatica and H.I.G. are reinvesting alongside EMK to facilitate the company’s next growth phase. This sale is contingent upon receiving the required regulatory approvals.
Growth and Development of Project Informatica
Since its inception in 1990, Project Informatica has experienced remarkable growth, especially during its partnership with H.I.G. The company has completed multiple acquisitions, transforming itself into a conglomerate that has significantly increased its revenue. Today, it stands as a principal provider of IT infrastructure solutions and services in Italy, employing over 700 professionals and generating revenue upwards of €450 million.
Transformational Achievements
Under H.I.G.'s stewardship, Project Informatica has solidified its standing in the ICT sector. The organization has not only expanded its workforce but also diversified its offerings, which now include essential services such as cybersecurity, managed offerings, hybrid cloud solutions, and artificial intelligence. This strategic metamorphosis has established the company as a trusted ally for numerous businesses on their digital journeys.
Insights from Management
Raffaele Legnani, Managing Director at H.I.G. Italy, expressed pride in being pivotal to the significant growth trajectory of Project Informatica, which has emerged as a benchmark within the ICT landscape of Italy. Along with Giovanni Guglielmi, another Managing Director at H.I.G., he celebrates the financial success achieved for investors while maintaining enthusiasm to support the management team as they embark on this next chapter.
Welcoming New Opportunities
Alberto Ghisleni, the founder and CEO of Project Informatica, emphasized that H.I.G.'s partnership was fundamental in propelling the company’s growth in a swiftly merging and evolving market. He expressed gratitude to the employees whose dedication and skills were vital to realizing their ambitious growth plans. Ghisleni warmly welcomes EMK as the primary investor in their new chapter.
EMK’s Vision for Project Informatica
Fabio Cadeddu, a partner at EMK, expressed excitement over the investment in Project Informatica, a group known for its robust growth and innovation capabilities. Aligning with EMK’s investment philosophy, he noted this acquisition stemmed from a collaborative approach aimed at leveraging consolidation within the Italian IT services sector. Together with H.I.G. and the management team, EMK plans to further bolster the company's leadership while expanding the spectrum of services offered to clients.
About Project Informatica
With a strong foundation of over 35 years in the ICT field, Project Informatica has epitomized technology innovation. With backing from H.I.G. Capital, the Group aims to enhance its market presence through strategic acquisitions and talent development, representing a comprehensive technology partner for various clients, including SMEs and government entities. Services include a wide range of IT solutions such as cybersecurity, cloud services, and AI, with a commitment to delivering seamless, multi-vendor solutions.
About H.I.G. Capital
Based out of Miami, H.I.G. has managed to establish itself as a prominent name in the investment sphere, specializing in providing capital to middle-market businesses globally. The firm operates numerous offices throughout the United States and internationally, specializing in management buyouts, corporate carve-outs, and significant debt financing solutions. H.I.G.'s approach is both flexible and operationally focused, striving to generate substantial returns on investment.
About EMK Capital
EMK Capital stands as a private equity investor with a keen focus on the mid-market segment. They are noted for uncovering hidden value in companies through profound industry research and strong managerial collaborations aimed at propelling transformative growth. EMK has established a significant presence across major global cities, indicating a broad commitment to supporting evolving businesses.
Frequently Asked Questions
What prompted the sale of Project Informatica?
The sale to EMK Capital follows a successful growth phase under H.I.G. Capital, aimed at further expansion opportunities.
How has Project Informatica evolved over the years?
Project Informatica has grown significantly since its founding, diversifying its services and increasing revenue substantially.
What role will H.I.G. Capital play after the sale?
H.I.G. will continue to support the management team alongside EMK, investing in the company's future growth initiatives.
What is EMK Capital’s investment philosophy?
EMK focuses on identifying hidden value in mid-market companies and partnering with management teams for transformative change.
What are Project Informatica's main services?
The company offers services in cybersecurity, managed services, hybrid cloud solutions, and artificial intelligence to its clients.
