Equity Factory supported the shareholders of Converge S.p.A., a company active in the Italian information technology market.
Headquartered in Rome, Converge is a system integrator specialised in providing hardware and software infrastructure solutions, mainly for public sector clients.
The acquisition of Converge is the fifth add-on completed by Project Informatica since it was acquired by an affiliate of H.I.G. in July 2020. Project Informatica reaches 300 million in revenue and approximately 500 employees.
Converge’s current shareholders will stay in the company and hold a minority stake.
Project Informatica was assisted in all legal aspects of the transaction by Pavia e Ansaldo, with a team coordinated by partner Alberto Bianco, including Erica Lepore, Andrea Romanò, Giulio Nobile and Biancamaria Veronese, for the corporate and M&A aspects, and by partner Valentina Simonelli and Stefano de Georgio for the labour law aspects. Partner Marco Giustiniani, assisted by Antonello Frasca, handled the administrative law aspects. Partner Filippo Fioretti, with Maria Rosaria Raspanti, handled the antitrust aspects.
The accounting and tax aspects of the transaction were handled on behalf of the buyer by PwC.
Converge’s current shareholders were advised by Equity Factory, with a team composed by Stefano Marsilii and Filippo Montresor, as financial advisors, and by Studio Legale Albanese (Marco Albanese) and lawyer Gianpiero Durante for the legal and contractual aspects of the transaction.
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