Kyip Capital Acquires 70% Stake in Errevi System
Deal News | Dec 11, 2024 | Legal Community Italy
Kyip Capital, an Italian private equity firm, has acquired a 70% stake in Errevi System, which operates in the ICT sector focusing on cloud infrastructure and cybersecurity solutions. The acquisition process was supported by Fondo Italiano d'Investimento (FII), via the FIPEC fund, which acted as a co-investor, and by Clessidra Capital Credit SGR and Merito SGR, both of which provided a unitranche financing to support the transaction. The acquisition was legally advised by PedersoliGattai, who assisted Kyip Capital with both corporate and financial teams, and by Pirola Pennuto Zei & Associati for fiscal matters. The sellers were advised by Sutich Barbieri Sutich for legal aspects and by Ppi & Partners for financial, business, and tax aspects. EY also provided financial support for the sellers. This transaction highlights the strategic expansions that private equity firms are undertaking in the ICT sector to capture market opportunities in digital infrastructure and cybersecurity.
Sectors
- Information and Communications Technology (ICT)
- Private Equity
- Legal Advisory
Geography
- Italy – All the key entities involved, including Kyip Capital, Errevi System, and the legal teams, are based in Italy.
Industry
- Information and Communications Technology (ICT) – Errevi System operates within the ICT industry, specializing in cloud infrastructure and cybersecurity.
- Private Equity – Kyip Capital and its co-investors are engaged in the private equity sector, focusing on strategic acquisitions.
- Legal Advisory – The transaction involved multiple legal advisory firms assisting in various legal, fiscal, and due diligence aspects.
Financials
- 70% – The percentage of stake acquired by Kyip Capital in Errevi System.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kyip Capital | Bidding Company | Company | An Italian private equity firm acquiring a majority stake in Errevi System. |
| Errevi System | Target Company | Company | A company in the ICT sector specializing in cloud infrastructure and cybersecurity. |
| Fondo Italiano d'Investimento (FII) | Co-investor | Company | Participated in the acquisition alongside Kyip Capital via the FIPEC fund. |
| Clessidra Capital Credit SGR | Underwriter | Company | Provided unitranche financing for the acquisition. |
| Merito SGR | Underwriter | Company | Provided unitranche financing for the acquisition. |
| PedersoliGattai | Legal Advisor | Company | Advised Kyip Capital on corporate and financial legal matters. |
| Pirola Pennuto Zei & Associati | Legal Advisor | Company | Provided fiscal advice to Kyip Capital. |
| Sutich Barbieri Sutich | Legal Advisor | Company | Advised the sellers on legal aspects of the deal. |
| Ppi & Partners | Financial Advisor | Company | Assisted the sellers with financial, business, and tax advisory. |
| EY | Financial Advisor | Company | Provided financial support for the sellers. |