Successfully created a Moonfare account
Premium content

Get Access to the Premium Content

Enter your Name and Email and get access to premium content

E-mail Address

Already have an account? Sign in

Premium content

Confirm your Email

Please click on the link that has been just sent to [email] in order to verify your email and proceed to browse investment opportunities

Resend confirmation link
Oops! Something went wrong while submitting the form.

Funds advised by Apax Partners and NB Renaissance Partners sell their stake in Engineering Group

Funds advised by Apax Partners and NB Renaissance Partners (“NBRP”) announced the sale of their stake in the Italian IT company Engineering Group to a Bain Capital Private Equity consortium and different funds advised by NBRP.

Headquartered in Rome, Engineering is a global supplier of IT services focused on digital transformation with more than 11,000 staff at 65 locations worldwide. The organization designs, produces and operates creative IT technologies for areas of industry where digitisation has the biggest effect.

In 2016, the Apax Funds purchased Engineering alongside NBRP, founder Michele Cinaglia and senior executives in a take private transaction that saw the Milan Stock Exchange firm delist. Apax and NBRP have also partnered together with the management team to produce solid organic growth and to execute an accretive M&A strategy.

In that four year period, the number of Engineering employees roserose from c.3,000 to c.11,000 asgroup executed 19 acquisitions both in Italy and abroad, serving as a platform for consolidation in a fragmented market.

The transaction remains subject to regulatory approvals and financial details were not disclosed.

Source: Apax


Join to the Moonfare Platform

Create an Account

Already have an account? Sign in

Invest with Moonfare

Moonfare gives you access to the top 5% of funds we review. Our clients have trusted us to invest over €500 million.

Sign Up