DBA Group Sells 70% Stake in Actual IT to Bulgarian Firm
Deal News | May 30, 2025 | Legal Community Italy
DBA Group, an Italian company listed on Euronext Growth Milan and specializing in infrastructure and ICT solutions, has entered into an agreement to sell 70% of its stake in Actual IT to Telelink Business Services Group, a Bulgarian firm. Dentons, with a team led by partner Alessandro Dubini, provided strategic legal assistance to DBA Group in this transaction. The sale allows DBA Group to capitalize on its investments in ICT sectors in Slovenia and the Balkans, while refocusing efforts on European engineering and ICT service markets. The divestiture is in line with DBA Group's strategy to explore opportunities tied to infrastructure and digital transitions, with potential future M&A activities in mind. The transaction includes agreements on governance and a 30% remaining stake with reciprocal Put and Call options exercisable after three years. Completion of the sale is subject to antitrust approvals and is expected by the end of the current financial year.
Sectors
- Information and Communication Technology (ICT)
- Corporate Finance and M&A
- Infrastructure and Engineering
Geography
- Italy – DBA Group is an Italian company listed on Borsa Italiana.
- Bulgaria – Telelink Business Services Group, the purchasing company, is based in Sofia, Bulgaria.
- Slovenia – DBA Group's investments and operations in the ICT sector are relevant to Slovenia.
- Spain – DBA Group has recently acquired major shares in a Spanish engineering company, Proyectos IFG.
Industry
- Information and Communication Technology (ICT) – The transaction involves investments and divestments in ICT sectors, particularly by DBA Group and Telelink Business Services Group.
- Corporate Finance and M&A – This sector is relevant due to the nature of the transaction and the involvement of Dentons as advisors.
- Infrastructure and Engineering – DBA Group specializes in infrastructure services, which is a crucial part of their business strategy and the industry they operate in.
Financials
- 70% – Percentage of Actual IT stake being sold by DBA Group.
- 30% – Residual stake in Actual IT that DBA Group will retain with future options.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DBA Group | Selling Company | Company | An Italian company listed on Euronext Growth Milan, specializing in infrastructure services and ICT solutions. |
| Telelink Business Services Group | Bidding Company | Company | A company based in Sofia, Bulgaria, purchasing a 70% stake in Actual IT. |
| Dentons | Legal Advisor | Company | Provided legal assistance in the transaction, with a team led by Alessandro Dubini. |
| Alessandro Dubini | Co-head Corporate M&A Italy | Person | Partner at Dentons, led the legal advisory team for the transaction. |
| Actual IT | Target | Company | The entity in which DBA Group is selling a 70% stake. |
| Proyectos IFG | Other Company | Company | A Spanish engineering firm recently acquired partly by DBA Group. |