Diagram Revolutionized: CDP Equity and Trilantic Europe Acquire Majority Stake
Deal News | Dec 23, 2024 | Cassa Depositi e Prestiti SpA
Cassa Depositi e Prestiti SpA (CDP) Equity, a subsidiary of the Cassa Depositi e Prestiti Group, and Trilantic Europe have acquired a majority stake in the Italian agritech firm Diagram Group. The transaction involves both firms obtaining a combined 83% ownership, previously held by Nextalia, an investment platform, since 2022. BF Agricola retains a 15% stake in the company. Diagram, based in Emilia-Romagna, Italy, is recognized for its precision farming services and partnerships within the Italian agritech ecosystem. The investment aims to strengthen Diagram’s position as a leading European agritech platform, enhancing its product suite and expanding its presence internationally. This acquisition aligns with CDPE’s strategy to bolster agricultural and digital sectors, partly supported by the European Commission’s National Recovery and Resilience Plan and Italy's Mattei Plan focused on stimulating African investments. The involvement of leading financial advisors such as Vitale, EY, and White & Case underscores the strategic importance of this deal.
Sectors
- Agriculture Technology (AgriTech)
- Private Equity
Geography
- Italy – Diagram Group is an Italian agritech company, and the majority stakeholders involved in the transaction are also based in Italy.
- Europe – Trilantic Europe, a major participant in the deal, operates on a pan-European basis. The strategic plans discussed involve expanding Diagram's presence across European markets.
Industry
- Agriculture Technology (AgriTech) – The article primarily discusses Diagram, a company operating in precision farming and agritech solutions, making this a relevant industry.
- Private Equity – The transaction involves CDP Equity and Trilantic Europe, both significant players in private equity, driving the acquisition of Diagram Group.
Financials
- 83% stake – The collective share acquired by CDP Equity and Trilantic Europe in Diagram Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Diagram Group | Target | Company | An agritech firm specializing in precision farming services and technological solutions. |
| Cassa Depositi e Prestiti SpA (CDP) Equity | Bidding Company | Company | Subsidiary of Cassa Depositi e Prestiti Group focused on strategic investments in various sectors, including agritech. |
| Trilantic Europe | Bidding Company | Company | A leading mid-market, pan-European private equity investor involved in acquiring a majority stake in Diagram Group. |
| Nextalia | Vendor | Company | An investment platform that sold its stake in Diagram Group to CDP Equity and Trilantic Europe. |
| BF Agricola | Other Company | Company | A BF group company retaining a minority stake in the Diagram Group post-acquisition. |
| Vitale | Financial Advisor | Company | Advised CDP Equity and Trilantic Europe in the transaction. |
| EY | Financial Advisor | Company | Provided advisory services to the buying parties. |
| White & Case | Legal Advisor | Company | Provided legal advice to CDP Equity and Trilantic Europe. |
| Pedersoli Gattai | Financial Advisor | Company | Advised CDP Equity and Trilantic Europe. |
| Nextalia Private Equity | Other | Company | The fund through which Nextalia held its investment in Diagram Group. |