An affiliate of H.I.G. Europe, the European affiliate of H.I.G. Capital, a global private equity investment firm with more than €34 billion ($38.53 billion) of equity capital under management, acquired a controlling stake in Project Informatica, a firm in the Italian information technology industry.
Founded in 1990 and based in Stezzano (Bergamo), Italy, with revenues of more than €130 million ($147.32 million) and 230 employees. Its offering ranges from hardware and software solutions, to related IT services. The company provides IT service to customers in a range of industries, including banking and financial services, industrial manufacturing and business services.
H.I.G. intends to support Project Informatica in the next phase of development, with the aim of capitalizing on both organic and inorganic growth opportunities.
“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,” Alberto Ghisleni, founder, CEO and current shareholder of Project Informatica, who will reinvest alongside H.I.G. and will continue to lead the company, said.
“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,” Raffaele Legnani, managing director and head of H.I.G.’s office in Italy, said.
