H.I.G. Capital Acquires Project Informatica

H.I.G. Europe (“H.I.G.”), the European affiliate of H.I.G. Capital, a leading global private equity investment firm with more than €34 billion of equity capital under management, announced today the acquisition by an affiliate of a controlling stake in Project Informatica S.r.l. (the “Company”), a leading firm in the Italian information technology industry.

Based in Stezzano (Bergamo), with revenues of more than €130 million and 230 employees, Project Informatica was founded in 1990 and has grown significantly over recent years, becoming the technological partner of choice to a long list of leading private and public companies.

The Company leverages cutting-edge technologies and advanced capabilities to support its customers in the digital transformation of business processes. Its offering ranges from hardware and software solutions, to related IT services. With multiple partnerships with leading global vendors and a technical staff with over 1,750 certifications, the Company is able to provide a tailor-made IT service to customers in a wide range of industries, including banking and financial services, industrial manufacturing and business services.

H.I.G. has extensive experience in the IT industry, with 30 transactions completed globally, and intends to support Project Informatica in the next phase of development, with the aim of capitalizing on both organic and inorganic growth opportunities.

Alberto Ghisleni, founder, CEO, and current shareholder of Project Informatica who will reinvest alongside H.I.G. and will continue to lead the Company, commented: “The investment by H.I.G., a global private equity firm, is a recognition of the impressive work done by the management over the last few years and represents a crucial step to further accelerate the Company’s future development”.

Raffaele Legnani, Managing Director and head of H.I.G.’s office in Italy, added: "Project Informatica is one of the most recognized technology partners for enterprises in Italy and has gained a leading position in a fast-growing market due to its capabilities, service flexibility and partnerships with major global vendors”.

About Project Informatica

Based in Stezzano (Bergamo), Project Informatica has been active in the ICT industry for over 30 years. The Company closely supports its clients in their digital development by offering a wide range of hardware and software technological solutions integrated into the customers’ IT infrastructure and related services of configuration, update, assistance and maintenance. Project Informatica supports private and public companies of all sizes in the strategic transformation of their business and operational processes through both on premise or cloud (public, private or hybrid) solutions. The technological skillset acquired in 30 years of activity and the high number of certifications for hardware and software products, enable Project Informatica to design, after a detailed analysis of the specific complexities of each business, customized solutions that generate time and costs savings.

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets investment firm with over €34 billion of equity capital under management.* Based in Miami, and with European offices in London, Hamburg, Madrid, Milan, Paris, and U.S. and Latin American offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, Atlanta, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:

1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of €27 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

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Contact information

Raffaele Legnani
Managing Director
rlegnani@higcapital.com
H.I.G. European Capital Partners Italy S.r.l.
P +39 02 45 37 5200
F +39 02 45 37 5250
www.higcapital.com