No Result
View All Result
  • Private Data
  • Membership options
  • Login
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
Subscribe
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
Home COUNTRY ITALY

Engineering ends FY 2020 with profit and distributes 17 mln euros to its private equity shareholders

BebeezbyBebeez
April 13, 2021
Reading Time: 3 mins read
in ITALY, PRIVATE EQUITY
Share on FacebookShare on Twitter

Engineering Ingegneria Informatica spa, a group specialized in software development and technologies at the service of public and private companies, is preparing to distribute reserves for 17 million euros to the parent company Centurion Bidco spa, which in turn is controlled by Bain Capital, NB Renaissance and NB Aurora (Neuberger Berman) private equity firms. Radiocor Italian press agency writes.

The decision, also made possible by the good performance of activities in 2020 which closed in profit, is also functional to Centurion’s need to pay in turn the half-yearly coupons to the subscribers of its high yield bond issued last autumn for 605 million euros (see here a previous article by BeBeez). The senior secured issue, maturing on 30 September 2026 and paying a 5.875% coupon, was entirely placed with institutional investors and listed on the Luxembourg Stock Exchange.

Furthermore, Radiocor writes, in order to optimize the corporate structure, as always happens downstream of leveraged acquisitions, the private equity funds are meanwhile working on the reorganization of the control chain through the merger of Centurion with Engineering which should take place in second part of the year.

Meanwhile, the Engineering board of directors has recently been expanded to 13 members with the entry of Aurelio Regina, entrepreneur, partner of Egon Zehnder and head of the Confindustria Energy technical group, while the baton will soon be handed over to the helm. of the company. The funds are in fact choosing the new ceo of Engineering who will take the place of Paolo Pandozy, destined for the role of chairman.

Based in Rome, Engineering is one of the leading companies engaged in the digital transformation of public and private companies and organizations, with an innovative offer of platforms for the main market segments. With approximately 12,000 professionals in 65 offices (in Italy, Belgium, Spain, Germany, Switzerland, Norway, Sweden, the Republic of Serbia, Brazil, Argentina and the USA), Engineering designs, develops and implements innovative solutions for the business areas in which digitization generates the major changes, including Digital Finance, Smart Government & E-Health, Augmented Cities, Digital Industry, Smart Energy & Utilities, Digital Telco & Multimedia.

The company had closed FY 2019 with a 1.27 billion euros in revenues (+ 8.2%), an ebitda of 160 million euros (+ 8.5%, with an ebitda margin of 13%) a net profit of approximately 44 million euros and a net financial position, including the impact of IFRS16, of 288.6 millions (see here a previous article by BeBeez and here the 2019 financial statements). The nine months of 2020 of the group instead closed with 862.9 million euros in revenues (-1.9% from 9 months 2019) and an ebitda of 115 millions (+ 4.2%) (see here the presentation to analysts).

In the past four years, the company has completed 20 acquisitions in Italy and abroad. In particular, in 2008 it bought Atos Origin Italia, in 2013 it was the turn of T-Systems Italia and then in 2017 of Infogroup, sold by Intesa Sanpaolo (see here the press release of the time). During 2019, Engineering also concluded the acquisitions of 100% of the fintech startup company Deus Technology (see here a previous article by BeBeez) and of 80% of Digitelematica, specialized in e-commerce solutions for large-scale distribution (see here a previous article by BeBeez).

Gateways to Italy

Di Luccia & Partners Executive Search – Senior Management for Private Capital Funds’ participated companies

Di Luccia & Partners Executive Search – Senior Management for Private Capital Funds’ participated companies

by Partner
September 1, 2023

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

by Partner
June 6, 2023

Sign up to our newsletter

SIGN UP

Related Posts

Italy’s private equity weekly roundup. News from MTW Holding, DBAG, DBAG, Ardian, SEC Newgata, B4 Investimenti, DeA Capital, and more
ITALY

Italy’s private equity weekly roundup. News from MTW Holding, DBAG, DBAG, Ardian, SEC Newgata, B4 Investimenti, DeA Capital, and more

September 22, 2023
PRIVATE EQUITY

Novo Holdings advances antimicrobial resistance strategy with acquisition of Paratek Pharmaceuticals

September 21, 2023
DACH

White & Case advises Camtek on US$100 million acquisition of FormFactor’s semiconductor metrology business

September 21, 2023

ItaHub

Italy’s non-performing exposures market, here are all proposed laws in X-ray and discussion points to be worked on

Italy’s non-performing exposures market, here are all proposed laws in X-ray and discussion points to be worked on

August 28, 2023
The cram-down of tax- and pension-related debts turns more expensive for financially distressed Italian companies

The cram-down of tax- and pension-related debts turns more expensive for financially distressed Italian companies

August 10, 2023
The Italian parliament approves the reform of the Intellectual Property Law

The Italian parliament approves the reform of the Intellectual Property Law

July 28, 2023
JLL: the remodelling of the city of Rome may unleash a significant but still unlocked Real Estate value

JLL: the remodelling of the city of Rome may unleash a significant but still unlocked Real Estate value

July 12, 2023

Co-sponsor

Premium

Italy’s non-performing exposures market, here are all proposed laws in X-ray and discussion points to be worked on

Italy’s non-performing exposures market, here are all proposed laws in X-ray and discussion points to be worked on

August 28, 2023
The cram-down of tax- and pension-related debts turns more expensive for financially distressed Italian companies

The cram-down of tax- and pension-related debts turns more expensive for financially distressed Italian companies

August 10, 2023
The Italian parliament approves the reform of the Intellectual Property Law

The Italian parliament approves the reform of the Intellectual Property Law

July 28, 2023
Hot week for private equity-backed takeover offers on the Italian Stock Exchange. BeBeez’s Insight View into completed and expiring offerings

Hot week for private equity-backed takeover offers on the Italian Stock Exchange. BeBeez’s Insight View into completed and expiring offerings

July 24, 2023
Next Post

Italy's angels & incubators and venture capital weekly roundup. News from Evidation Health, TrueLayer, Wellness Ventures, GreenBone, Augmenta and more

Italy's NPLs, private debt and corporate finance weekly roundup. News from AMCO, Smith Novak, Nexi, Italpizza, Fileni Alimentare

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

COUNTRY

Italy
Iberia
France
UK&Ireland
Benelux
DACH
Scandinavia&Baltics

CATEGORY

Private Equity
Venture Capital
Private Debt
Distressed Assets
Real Estate
Fintech
Green

PREMIUM

ItaHUB
Legal
Tax
Trend
Report
Insight view

WHO WE ARE

About Us
Media Partnerships
Contact

INFORMATION

Privacy Policy
Terms&Conditions
Cookie Police
No Result
View All Result
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHub
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
Subscribe
  • Login
  • Cart

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In