H.I.G. Capital Sells Project Informatica to EMK Capital
In a significant development in the IT sector, H.I.G. Capital has announced the sale of its portfolio company Project Informatica, a well-regarded player in the Italian Information Technology landscape, to EMK Capital. Known for its strong capacity for growth, EMK is a private equity firm focused on the mid-market, dedicated to finding and nurturing potential in businesses across Europe.
This partnership emerges as Project Informatica, known also as WeAreProject, positions itself for further expansion following a robust phase of development. Under H.I.G.’s ownership, which began in 1990, the company has seen substantial transformations, enhancing its services and increasing its workforce to over 700 employees. The announcement signals a promising evolution for Project Informatica as it continues to navigate the challenges and opportunities in the digital transformation landscape.
Notably, during the period of H.I.G.'s investment, Project Informatica executed seven acquisitions, consolidating its strength in the market and expanding its service offerings. With services primarily focused on cybersecurity, managed services, hybrid cloud networking, and artificial intelligence, the Group has quadrupled its revenues to exceed €450 million. This growth trajectory highlights the firm’s dedication to delivering innovative technology solutions tailored for diverse sectors.
Raffaele Legnani, Managing Director and Head of H.I.G.'s Italy office, shared insights about the journey, expressing pride in the Group's accomplishments and the financial gains realized for their investors. The transaction is anticipated to be finalized pending regulatory approvals, showcasing EMK's commitment to fostering Project Informatica in the next stage of its growth.
As H.I.G. Capital transitions the reins to EMK, several strategic initiatives are expected to further enhance the operational capabilities and market reach of Project Informatica. Alberto Ghisleni, the company’s founder and CEO, lauded the instrumental role played by H.I.G. in fast-tracking the Group’s growth amid a rapidly changing market environment. He emphasized the collaborative efforts that have made it possible to achieve their ambitious growth plan.
In a statement, Fabio Cadeddu, a Partner at EMK, expressed enthusiasm about this investment. He noted how the Group’s consistent track record of innovation aligns with EMK’s investment philosophy. The team looks forward to collaborating with Project Informatica's management to further its reach and assert its dominance as a comprehensive technology solution provider.
About Project Informatica
Project Informatica has established itself in the ICT sector, creating a reputation as a leading technology innovation hub over its 35 years of operation. With the support of H.I.G. Capital, the Group has embarked on a sustained growth strategy focusing on strategic acquisitions and capability enhancements.
The company emphasizes helping clients through their digital transformation journeys. By combining cutting-edge technology with a holistic approach, Project Informatica aims to improve competitive standing for both small and medium enterprises as well as public sector clients. Its extensive service offerings include cybersecurity solutions, hybrid cloud services, networking capabilities, and artificial intelligence applications, making it a valuable partner for many organizations.
Furthermore, Project Informatica’s diversified vendor accreditations and deep-rooted technical acumen position it firmly in the market. This competitive edge enables the Group to deliver complex multi-vendor solutions efficiently, with a focus on reliability and seamless integration, setting them apart from local competitors.
About H.I.G. Capital
H.I.G. Capital is a globally recognized leader in the alternative investment field with $70 billion of capital managed across various investment strategies. The company, headquartered in Miami, operates with a mission to provide operationally-focused capital to businesses, particularly those in the middle market.
Having been operational since 1993, H.I.G. has played a pivotal role in investing in more than 400 companies globally. Their current portfolio comprises over 100 businesses generating sales exceeding $53 billion. H.I.G.'s expertise spans various domains, including management buyouts, equity recapitalizations, and corporate carve-outs, as well as debt financing in the ever-evolving business ecosystem.
About EMK Capital
EMK Capital stands as a formidable private equity investor with a strong focus on the mid-market. With a well-earned reputation in Europe, EMK identifies investments with hidden value and partners with excellent management teams to drive transformative change.
With offices strategically located across major cities worldwide, EMK is well-equipped to harness opportunities in different markets, ensuring a comprehensive grasp of sector nuances. They have developed a particular expertise in recognizing trends in the IT services sector, making them a valuable partner for companies like Project Informatica.
Frequently Asked Questions
What is the significance of H.I.G. Capital's sale of Project Informatica?
This sale marks a milestone in Project Informatica's journey, opening new avenues for growth under EMK Capital's leadership while providing H.I.G. Capital with positive returns on investment.
What services does Project Informatica provide?
Project Informatica specializes in cybersecurity, managed services, hybrid cloud solutions, and artificial intelligence, focusing on digital transformation for its clients.
How long has Project Informatica been in business?
Project Informatica has been active in the ICT sector for over 35 years, demonstrating consistent growth and adaptability in a competitive market.
What investment strategies does H.I.G. Capital employ?
H.I.G. Capital focuses on management buyouts, growth investments, real estate, and infrastructure, ensuring operational involvement with their portfolio companies.
What role does EMK Capital play in Project Informatica's future?
EMK Capital aims to support Project Informatica's next phase of growth by leveraging its expertise in the IT services sector and driving further innovation.
