Assist Digital Acquires Majority Stake in Hyntelo to Bolster AI Capabilities
Deal News | Jun 12, 2025 | Finance Community IT - 1 Corporate M&A
Assist Digital, backed by the French private equity firm Ardian, has acquired a majority stake in Hyntelo, an AI solutions company. The acquisition marks a strategic effort to enhance Assist Digital's offerings in AI and data services across Europe. New Deal Advisors provided financial and tax due diligence, while Studio Giovannelli e Associati advised on legal matters. On the sell-side, Hyntelo received advisory services from BlueBull and Gianni & Origoni. Hyntelo's management, including CEO Giacomo Filippo Porzio, will remain operational to ensure continuity and growth. Hyntelo specializes in advanced data and AI solutions for complex sectors, such as Life Sciences and Financial Services, and is recognized as Veeva Systems' first European AI partner. The transaction is part of Assist Digital's broader growth strategy, supported by Ardian, and aims to increase their foothold in key European markets. As part of this strategy, the company plans to exceed €220 million in turnover by 2025, through a robust portfolio in digital transformation.
Sectors
- Technology Services
- Private Equity
- AI and Data Solutions
Geography
- Italy – Both Assist Digital and Hyntelo are based in Italy, and the article focuses on operations there.
- Europe – The acquisition aims to strengthen Assist Digital's positioning in the European AI market.
- France – Ardian, the private equity firm backing Assist Digital, is headquartered in France.
Industry
- Technology Services – The article involves Assist Digital and Hyntelo, which focus on technology and consulting services in AI and customer experience.
- Private Equity – Ardian, a French private equity firm, plays a significant role in backing Assist Digital, an element crucial to the transaction.
- AI and Data Solutions – Hyntelo specializes in data and artificial intelligence solutions, which is a primary focus of the acquisition.
Financials
- 220 million euros – Target revenue for Assist Digital by 2025 as part of its growth strategy.
- 3.9 million euros – Hyntelo's revenue in 2020.
- 10.8 million euros – Hyntelo's projected revenue in 2024.
- 3.4 million euros – Hyntelo's EBITDA.
- 7.4 million euros – Hyntelo's net financial position, cash positive.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Assist Digital | Acquirer | Company | A consulting and technology services company focusing on customer experience, data, and AI solutions. |
| Hyntelo | Target | Company | An AI solutions company specializing in data-driven technology and machine learning, catering to regulated sectors. |
| Ardian | Investor | Company | A French private equity firm supporting Assist Digital in its acquisition strategy. |
| New Deal Advisors | Financial and Tax Advisor | Company | Managed the financial and tax due diligence for Assist Digital. |
| Studio Giovannelli e Associati | Legal Advisor | Company | Provided legal advisory services to Assist Digital. |
| BlueBull | M&A Advisor | Company | Advised Hyntelo on the M&A process. |
| Gianni & Origoni | Legal Advisor | Company | Provided legal advisory services to Hyntelo. |
| Grimaldi Alliance | Legal Advisor | Company | Provided legal advisory services to Innovative RFK during the transaction. |
| Innovative RFK | Seller | Company | An industrial holdings company and part owner of Hyntelo prior to the acquisition. |
| Azimut Libera Impresa | Seller | Company | An investment company acting on behalf of Azimut Digitech Fund, part owner of Hyntelo. |