Eurostep Acquired by Xenon to Form Digital Hub
Deal News | Jun 19, 2025 | Finance Community IT - 3 Private Equity
Xenon Private Equity's Small Cap fund has acquired Eurostep, a company from Montebelluna, to establish Orvian Group, a new Italian digital innovation hub focused on e-commerce, marketing, design, and user experience. Eurostep has been operating for more than ten years, bridging the gap between business goals and technological solutions through e-commerce. The group will be led by CEO Raffaele Boiano and has an aggregated revenue of 17 million euros. Prominent clients include Ikea, Zanichelli, and Moleskine. This acquisition is part of a broader strategy following the recent purchases of Fifth Beat, Web al Chilo, and Magilla Company. Separately, Xenon Small Cap sold A.I.Gen., a technological leader in artificial intelligence, to DGS, an active player in Italy's IT market.
Sectors
- Private Equity
- Digital Innovation & E-commerce
- Information Technology
Geography
- Italy – The acquisitions and creation of Orvian Group are rooted in Italy, with specific companies and activities centered in the country's digital and IT sectors.
Industry
- Private Equity – The acquisition of Eurostep and the creation of Orvian Group represents significant private equity activity by Xenon, reflecting its investment strategy and portfolio diversification.
- Digital Innovation & E-commerce – Eurostep and Orvian Group are focused on digital innovation, e-commerce solutions, and enhancing user experiences, making this sector highly relevant.
- Information Technology – The sale of A.I.Gen. to DGS involves a significant player in the IT sector, emphasizing the importance of technology in Xenon's investment and divestment strategies.
Financials
- 17 million euros – Aggregated revenue of Orvian Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Xenon Private Equity | Buyer | Company | A private equity firm focused on acquiring growth-oriented companies, it acquired Eurostep to launch Orvian Group. |
| Eurostep | Target Company | Company | A company specializing in bridging business goals with technological solutions through e-commerce. |
| Orvian Group | Entity formed post-acquisition | Company | An Italian group specializing in digital innovation in e-commerce and user experience. |
| A.I.Gen. | Selling Company | Company | A holding specializing in artificial intelligence, divested by Xenon. |
| DGS | Buyer | Company | A Rome-based IT company that acquired A.I.Gen. |