Aatech Acquires Fintech Opyn for Strategic Growth
Deal News | May 19, 2025 | Finance Community IT - 1 Corporate M&A
Aatech, an innovative tech builder listed on Euronext Growth Milan, has reached a significant milestone with its acquisition of over 90% of Business Innovation Lab (Bil), a leading Italian fintech group known for its services in lending-as-a-service, buy-now-pay-later, and credit AI, through its Opyn platform. The acquisition deal, valued at €18 million, was facilitated by Envent Italia, Audirev, and Dwf for Aatech, while P101, managing Programma 101 sicaf, the majority seller, was advised by Legance. This deal, categorized as a reverse takeover, awaits specific legal and regulatory conditions, aiming for completion by Q3 2025. Aatech aims for seamless integration with Bil, leveraging complementary capabilities and building interfunctional teams to enhance product development, operations, compliance, and commercial expansion. The combined group's industrial plan will pivot towards a value proposition in GreenTech, ESG, and AI-centric financial services, announcing a forward-looking roadmap post-2025-2027 plan presentation. CEO Alessandro Andreozzi affirms this acquisition bolsters Aatech's strategy for vertical integration in AI-driven financial solutions, expanding their operational capacity and technological portfolios.
Sectors
- Financial Services
- Technology
Geography
- Italy – Both Aatech and Business Innovation Lab (Bil) operate within the Italian market, making Italy the primary geographical focus of this acquisition.
- Europe – The article implies a broader European focus with mentions of aligning with EU regulations and expanding AI-driven solutions across European markets.
Industry
- Financial Services – The article discusses Aatech's acquisition of Business Innovation Lab, a fintech company that offers financial services such as lending-as-a-service.
- Technology – Aatech and Bil are involved in the technology sector, focusing on AI-driven solutions and digital infrastructure, as highlighted by their strategic plans and product offerings.
Financials
- €18 million – The acquisition price paid by Aatech to acquire over 90% of Business Innovation Lab (Bil).
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aatech | Bidding Company | Company | Aatech is a tech builder and the acquiring entity in this transaction, aiming to expand its services in AI-driven financial solutions. |
| Business Innovation Lab (Bil) | Target Company | Company | Bil is the fintech company acquired by Aatech, known for its lending-as-a-service and credit AI services through its Opyn platform. |
| Programma 101 sicaf | Selling Company | Company | Programma 101, managed by P101, is the majority stakeholder selling its shares in Bil as part of this acquisition. |
| Envent Italia | Euronext Growth Advisor | Company | Advised Aatech in the acquisition process, particularly focusing on Euronext Growth. |
| Audirev | Financial Advisor | Company | Provided financial advisory services to Aatech for the acquisition. |
| Dwf | Legal Advisor | Company | Assisted Aatech with legal due diligence and regulatory compliance. |
| Legance | Legal Advisor | Company | Advised Programma 101 sicaf on legal, contractual, and regulatory matters during the transaction. |