Here is business and accounts of Maticmind, bet by Cvc and Cdp
Change of hands for the Maticmind group, one of the main Italian system integrators in the ICT market. All the details
Change of ownership in sight for the Maticmind group, an Italian system integrator who works for large private companies and public clients such as ministries, health facilities and local authorities.
The group, led by the chairman and main shareholder, Carmine Saladino, is owned by an Italian investment fund , controlled by Cdp Equity (Cassa Depositi e Prestiti group).
But the Italian Investment Fund is ready to go out. At the same time, the consortium formed by Cvc and Cdp Equity will arrive, according to Il Sole 24 Ore.
"According to rumors, the international private equity CVC, which would pass to the control (with about 60% of the shares) of the Maticmind group, are in fact in negotiation, while in alliance CDP Equity would be ready for a minority entry into the company with a 20 percent ”Wrote the Confindustria newspaper.
All the details on the Italian company.
THE RELEASE OF THE ITALIAN INVESTMENT FUND
In December 2020, Cdp invested 24 million euros in Maticmind, it considers "one of the main new ICT realities in the country".
In addition to Cdp's investment, the Italian Investment Fund has made its entry, through Elettra One, into the share capital of Maticmind. At the moment Elettra One holds a 42.4% stake in Maticmind, while the share of Essematica Holding (controlled by the Saladino family) is 35.2%, and Carmine Saladino's share is 22.4%.
“The Italian Fund has about 40%, while the majority of the group is headed by the president and CEO Carmine Saladino, who with the new share reorganization should remain with a stake of about 20% of the shares. The Italian Fund should sell its stake and then exit the investment ”, Il Sole 24 Ore reports.
So 60% of the group would pass to private equity, while CDP would hold a 20% stake according to the Confindustria newspaper.
THE VALUE OF THE OPERATION
“The value of the transaction, according to some unconfirmed rumors, could exceed 500 million euros. At the moment, some discussions and negotiations on the final numbers of the operation are still underway, but in any case the transaction seems to be well underway ”adds the newspaper.
WHAT IS MATICMIND
Born in 2005 from the spin-off of the Italian business of the Swiss Ascom Ag, Maticmind specializes in the sale of professional ICT-related solutions and services.
The group now has around 1,200 employees, 14 offices throughout Italy and revenues of around 350 million euros.
In particular, Maticmind and its subsidiaries carry out the design, installation, management, integration and maintenance of Networking, Unified Communications and Collaboration, Cybersecurity, Infrastructure Data Center and Cloud and Application equipment and systems.
Therefore, “the company has focused on some strategic sectors for the growth of the country on the digital side: that is cybersecurity, application, ultra-broadband and 5G”.
THE ACQUISITIONS
In recent years, the company has pursued growth in its business sectors through numerous acquisitions.
In January Maticmind acquired 55% of Sind, a leader in the cybersecurity sector. Last April it announced the conclusion of the acquisition of 100% of Iti Sistemi.With this acquisition, Maticmind has further expanded its share of the Italian cybersecurity market.
Also in April 2022, "through its subsidiary Fibermind, active in ultra-broadband networks in optical fiber and 5G, Maticmind instead acquired 100% of Tecnologie Pm, an innovative SME specialized in the sector of topographic surveys, geophysical and geochemical prospecting, conducted without the use of drilling machines, but with the use of IoT technologies and algorithms. In this case, the operation allowed Fibermind to increase its network, opening onto markets adjacent to those of reference ”Il Sole 24 Ore recalls.
OPPORTUNITIES RELATED TO PSN (NATIONAL STRATEGIC POLE)
In particular, in the service providder market, in 2022 the company – as stated in the 2021 financial statements – expects a further increase in activities on Tim and on the companies of the group (Noovle and Telsy), driven by a series of strategic initiatives both in Data center area that evolution of the network infrastructure. In addition, it provides for a consolidation of the company's positioning on customers such as Open Fiber and Wind3. Even the opportunity linked to the PSN (National Strategic Pole) could give rise to projects for the creation and enhancement of infrastructures according to the company.
ALL THE NUMBERS OF 2021
Finally, Maticmind closed the 2021 financial year with revenues of 287 million euros, an increase compared to the 281 million of the previous year. At the same time, costs are also growing: 273 million euros in 2021 against 260 million in 2020.
The economic result halved: if in 2020 the company had closed with a profit of 16 million euros, the year Maticmind recorded a profit of 8.4 million euros.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/ecco-business-e-conti-di-maticmind-puntata-da-cvc-e-cdp/ on Thu, 30 Jun 2022 05:23:10 +0000.