FMB Family Foundation Strengthens Its Foothold in Euvic IT with Minority Stake Acquisition
Deal News | Apr 11, 2025 | CEE Legal Matters
In a strategic move, the FMB Family Foundation, majority shareholders of Senetic Holding, acquired a minority stake in Euvic IT. Euvic IT, part of the Northern European IT federation Euvic SA, is a player in the IT outsourcing space. Senetic Group, with its expertise in Microsoft cloud solutions and IT hardware for SMEs, aligns with Euvic IT's operations in providing IT outsourcing services across Central Europe. This acquisition signifies an expansion of influence for the FMB Family Foundation within the IT sector. Gessel provided legal counsel on this deal, with their team led by Partner Karol Sokol.
Sectors
- Information Technology
- Legal Services
Geography
- Central Europe – Euvic IT operates within Central Europe, and the acquisition concerns this geographical area.
Industry
- Information Technology – The transaction involves Euvic IT, an IT outsourcing provider, and Senetic Group, which specializes in IT solutions, placing the deal firmly within the IT industry.
- Legal Services – Gessel, a law firm, facilitated the acquisition, highlighting the involvement of the legal industry in the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| FMB Family Foundation | Acquirer | Company | The majority shareholder of Senetic Holding, acquiring a minority stake in Euvic IT. |
| Euvic IT | Target Company | Company | An IT outsourcing service provider that was the subject of the stake acquisition. |
| Euvic SA | Vendor | Company | The parent company of Euvic IT, who sold a minority stake to FMB Family Foundation. |
| Senetic Group | Related Company | Company | Provides IT solutions, related to FMB Family Foundation's portfolio. |
| Gessel | Legal Advisor | Company | The law firm advising FMB Family Foundation on the acquisition. |
| Karol Sokol | Partner | Person | A partner at Gessel who was involved in advising the acquisition process. |