Global private equity and venture capital news and research

Ardian acquires majority stake in Italy’s RGI Group

29 May 2014

italian flagFrench private equity firm Ardian has agreed to buy a 72 per cent stake in Italian company RGI Group, which provides software products and technology services to the insurance sector.

Ardian bought the stake from fellow private equity firm 21 Investimenti and other investors.

RGI’s founder will retain a 20 per cent stake in the company and the remaining eight per cent will be held by the management, including RGI Group CEO Vito Rocca.

RGI reported a turnover of €50m for 2013, 90 per cent of which was generated in Italy.

Ardian managing partner Dominique Gaillard said, “Information and communication technology is a particular and potentially full of opportunities sector, where Rgi is a key company, which we believe could continue its growth outside Italy.

“Thanks to our long term perspective, we will provide RGI the necessary stability to achieve an international success. We strongly believe in the great potential of the company’s management and we will support Paolo Benini and Vito Rocca in this exciting journey of growth.”

Ardian’s other recent deals include the acquisition of toy manufacturer Schleich from fellow private equity firm HgCapital.

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