The deal was announced few days ago (see here the press release) and will allow Canon Italia to stenghten is leadership on the Italian market in the information management and business process outsourcing sectors.
Founded in 2001 by Fabio Risetti, Antonio De Cesare and Stefano Barzetti (who own together a 51% stake in the company’s capital), Idm has been supported in its growth since 2006 by Alto Capital II fund managed by Italian private equity operator Alto Partners sgr (owning a 46% stake, while the remaining stake is owned by a private investor),
All the actual shareholders will sell their stake in Idm while actual managing director Mario Calcagnini. is still going to manage the company. At the closing of the dfeal, which expected by the end of next February, Idm will still operate as a separated company under Canon Group’s control.
SInce Alto Capital fund invested in Idm, the company has been growing fast: revenues were 7.5 million euros in 2005 with an ebitda lower than 2 millions, while in 2014 Idm reached 38 millions in revenues and ebitda of 6 millions.
Net financial debt is 7 millions and is the result of both the acquisition finance related to the 2006’s Lbo and to the acquisition finance and Lbo refinancing in 2008 when Idm acquired the Italian division of US group Anacomp.
As for Alto Partners sgr this is the fourth exit in less than a year after the sales of its stakes in Drogheria & Alimentari (see a previous post by BeBeez), Caminetti Montegrappa (see a previous post by BeBeez) and Visionnaire (see a previous post by BeBeez).