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Clessidra taps fund 4 for Formula Impresoft investment, riding on SME digitisation trend

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Italian buyout house Clessidra Private Equity has agreed to acquire a majority stake in Formula Impresoft, marking the third investment from Clessidra Capital Partners 4.

Founded in 2018, Impresoft provides mid-sized companies with technology and consultancy services including cloud, modern workplace and cyber security.

The company is expecting a total revenue of €87m in 2021.

Andrea Ottaviano, CEO of Clessidra, said, “Impresoft Group operates in a sector with important growth prospects and double-digit development potential for some specific segments. Such growth is further boosted by the macro-trend of digitisation of SMEs, which represents a great development opportunity, especially in Italy.

“The unique structure of this group makes it an ideal asset for organic growth driven by sector trends and commercial synergies, as well as a potential platform for future combinations in an industry that traditionally has a strong appetite
for M&A”.

Founded in 2003, Clessidra has more than €2.8bn in capital under management. It completed 24 investments for a total amount of over €2bn.

Clessidra held a first close of Clessidra Capital Partners 4 on €270m in June.

It closed its third fund at €607.3m in 2016.

Recent investments include agreeing to acquire Italian high-end lighting systems producer Viabizzuno from 21 Invest.

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