ITH S.P.A.
PRESS RELEASE
SESA‘S CONTROLLING SHAREHOLDERS STRENGTHEN THE PARTNERSHIP WITH
FOCUS ON LONG–TERM SUSTAINABLE GROWTH
Empoli, June 10, 2020
ITH S.p.A. (“ITH”), controlling shareholder of Sesa Group, reference operator in Italy within the IT options marketplace for the enterprise section, with consolidated revenues for roughly Euro 1.775 billion and over 2,500 staff as of April 30, 20201, declares {that a} binding settlement has been reached between its shareholders on the premise of which:
- Tamburi Funding Companions S.p.A. (“TIP” – MI) – impartial and diversified funding / service provider financial institution listed on the STAR section of the Italian Inventory Change – will increase the stake from the present 15% to round 20.6% of ITH S.p.A. capital (“ITH”);
- Marco e Leonardo Bassilichi, businessmen already companions of SESA within the new sector Base Digitale, specialised in Enterprise Providers for the monetary sector, enter in ITH capital taking up a complete of 1.02% of the capital.
The operation that may happen by the subscription of ITH money capital improve, is aimed toward additional strengthening the partnership began a few yr in the past between TIP and Sesa’s controlling shareholders in addition to to contain Marco and Leonardo Bassilichi in ITH capital in an effort to permit SESA Group to advance on its path of steady and sustainable progress, additionally by progressive aggregations and with the intention of additional growing its market shares within the IT sector.
ITH holds 52.8% of Sesa capital and following this operation the shareholder HSE S.p.A., which incorporates Sesa Group’s founders and administration, will personal roughly 75% of ITH capital, confirming its dedication in main Sesa Group in a long-term path of steady and sustainable progress.
Under is reported the press launch printed in the present day by TIP.
1 Unaudited preliminary knowledge. The ultimate outcomes relative to the fiscal yr ended April 30, 2020 might be disclosed following the Board of Administrators as of July 14, 2020.
ITH S.P.A.
Share Capital 351,094 f.p. – By way of Del Pino 1 – 50053 Empoli (Florence)
Florence Firm Register quantity 06096340481 – VAT quantity 06096340481
ITH S.P.A.
TIP UP TO 20.64% IN THE CONTROLLING COMPANY OF SESA
Tamburi Funding Companions S.p.A. (“TIP” – MI) – impartial and diversified funding / service provider financial institution listed on the STAR section of Borsa Italiana – will improve as much as 20.64% its stake within the share capital of ITH S.p.A. (“ITH”), controlling firm of Sesa Group (“SESA”).
ITH holds 52,8% of the share capital of SESA.
The transaction, that may see on the identical time the entry into the share capital of ITH – with 0,51% stake every
- of Marco and Leonardo Bassilichi, entrepreneurs already companions of SESA in banking & finance section, will happen by the subscription of a share capital improve aimed toward additional strengthen the partnership began one yr in the past between TIP and controlling shareholders of SESA, in an effort to permit SESA Group to proceed its improvement and acquisition course of to achieve an extra progress of its market share in Italy and progressively in Europe.
With the train of the choices, already included in July 2019 agreements and foreseen in 2022, TIP stake will subsequently improve as much as 21.48% (totally diluted).
SESA Group is the reference Italian participant in IT worth added options and providers for the enterprise section, with revenues in fixed progress (1,775 million for the yr ended on April 30, 2020 +14,4% vs earlier yr), human capital of over 2,500 staff and extremely specialised in Worth Added Distribution, Software program and System Integration and Enterprise Course of Outsourcing for the monetary sector.
On this perspective SESA has just lately accelerated its personal path, servicing the wonderful corporations of the Made in Italy, to contribute in maximising the expertise innovation and digital transformation, additionally leveraging on the confirmed functionality to finalize M&A transactions, all aimed toward providing prospects an ever-wider vary of competencies and, within the final 12 months, additionally following TIP funding, has executed Eight acquisitions for an total incremental turnover of about 100 million Euro.
TIP, inside its investments, has all the time most popular trade consolidation transactions, the creation and progress of nationwide champions with management place and certainly its participated corporations have, in the course of the years of TIP presence of their share capital, executed over 100 M&A offers.
Milan, June 10 2020
TIP – TAMBURI INVESTMENT PARTNERS S.P.A. . IS AN INDEPENDENT AND DIVERSIFIED INVESTMENT / MERCHANT BANK WITH THAT SO FAR INVESTED, AMONG DIRECT INVESTEMENTS AND/OR CLUB DEALS, ABOUT 3.Zero BILLION EURO IN COMPANIES DEFINED AS “EXCELLENT” FROM AN ENTREPRENEURIAL POINT OF VIEW AND IS ALSO ENGAGED IN CORPORATE FINANCE ACTIVITIES. CURRENTLY HAS IN PORTFOLIO, DIRECTLY OR INDIRECTLY, INVESTMENTS IN LISTED AND UNLISTED
ITH S.P.A.
Share Capital 351,094 f.p. – By way of Del Pino 1 – 50053 Empoli (Florence)
Florence Firm Register quantity 06096340481 – VAT quantity 06096340481
ITH S.P.A.
COMPANIES INCLUDING: ALKEMY, ALPITOUR, AMPLIFON, ASSET ITALIA, AZIMUT BENETTI, BE, BETA UTENSILI, BENDING SPOONS, BUZZOOLE, CENTY, CHIORINO, DIGITAL MAGICS, EATALY, ELICA, FAGERHULT, FCA, HUGO BOSS, INTERPUMP, MONCLER, MONRIF, OCTO TELEMATICS, OVS, PRYSMIAN, ROCHE BOBOIS, SESA, TALENT GARDEN, TELESIA, TIPO AND WELCOME ITALIA.
Contacts: Alessandra Gritti
CEO – Investor Relator
Telephone. 02 8858801 mail: gritti@tamburi.it
This press launch can also be obtainable on the corporate’s website online www.tipspa.it and disclosed by 1Info SDIR and 1Info Storage system (www.1info.it).
ITH S.P.A.
Share Capital 351,094 f.p. – By way of Del Pino 1 – 50053 Empoli (Florence)
Florence Firm Register quantity 06096340481 – VAT quantity 06096340481
Disclaimer
SeSa S.p.A. printed this content material on 10 June 2020 and is solely answerable for the data contained therein. Distributed by Public, unedited and unaltered, on 10 June 2020 07:02:02 UTC
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