Avangate Security Sells 100% Stake to Elovade
Deal News | Jan 31, 2025 | Finance Community IT - 1 Corporate M&A
In a significant deal in the IT security sector, Avangate Security, a leading Italian distributor of IT security and printing solutions, has sold its entire share capital to Elovade, a prominent German group known for distributing value-added software across Europe. This acquisition allows Avangate Security to strengthen its position within the Italian ICT Security market by leveraging Elovade's extensive European network. Avangate Security was advised by Arkios Italy, with legal aspects managed by Massimiliano Massara. Elovade's due diligence processes were supported by BDO, Singular CH, and the legal services of Watson Farley & Williams.
Sectors
- Information Technology
- Private Equity & Venture Capital
Geography
- Italy – Avangate Security is based in Italy, marking a significant geographic presence in the article.
- Germany – Elovade, the acquiring company, is one of the major German groups involved in the acquisition.
- Europe – Both companies have business operations spread throughout Europe, affecting the regional IT security and software distribution markets.
Industry
- Information Technology – The article centers around IT security solutions, with Avangate Security being a distributor of these technologies.
- Private Equity & Venture Capital – The involvement of financial advisors and the transactions involving company acquisitions fit within the realm of private equity deals.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Avangate Security | Target | Company | Italian distributor of IT security and printing solutions, sold to Elovade. |
| Elovade | Buyer | Company | German company acquiring Avangate Security, known for its European-wide software distribution. |
| Arkios Italy | Financial Advisor | Company | Provided financial advisory services to Avangate Security during the transaction. |
| Massimiliano Massara | Legal Advisor | Person | Handled the legal aspects of the transaction for Avangate Security. |
| BDO | Financial Due Diligence Advisor | Company | Conducted accounting and financial due diligence for Elovade. |
| Singular CH | Business & Commercial Due Diligence Advisor | Company | Supported Elovade with business and commercial due diligence. |
| Watson Farley & Williams | Legal Advisor | Company | Advised Elovade on legal, fiscal, and contractual matters regarding the acquisition. |