Sec Acquired by Upliift in Strategic Partnership
Deal News | Mar 11, 2025 | Legal Community Italy
Upliift, a permanent equity fund focused on investing in B2B software companies, has acquired a majority stake in Sec System Engineering Consulting, a Milan-based company specializing in directional dashboards. This acquisition, made in partnership with Sec's founders, marks Upliift's fifth acquisition in Italy. Upliift was legally represented by Portolano Cavallo, with a team led by partner Andrea Gritti. Legal aspects related to labor and privacy were overseen by associates Tabita Costantino and Elena Mandar, respectively. The transaction also involved compliance with the golden power regulation, managed by partner Enzo Maras. B-Smart Italia, the selling company, was assisted by K&L Gates, with a team led by partner Bruno Vascellari. Notarial aspects were handled by Giulio Montanaro.
Sectors
- Private Equity
- Software B2B
- Legal Services
Geography
- Italy – Upliift's acquisition of Sec and B-Smart Italia's involvement are situated in Italy.
Industry
- Private Equity – Upliift is a permanent equity fund engaging in the acquisition of companies, indicating involvement in private equity.
- Software B2B – Sec is specialized in developing directional dashboards for various business functions, indicating involvement in B2B software.
- Legal Services – Portolano Cavallo and K&L Gates provided legal services in the acquisition, indicating involvement in the legal sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sec System Engineering Consulting | Target Company | Company | A Milan-based company specializing in directional dashboards for various business operations. |
| Upliift | Bidding Company | Company | A permanent equity fund focused on investments in B2B software companies. |
| B-Smart Italia | Selling Company | Company | The company that sold the majority stake of Sec to Upliift. |
| Portolano Cavallo | Legal Advisor to Upliift | Company | Provided legal assistance for Upliift in the acquisition. |
| K&L Gates | Legal Advisor to B-Smart Italia | Company | Assisted B-Smart Italia in legal aspects of the transaction. |
| Andrea Gritti | Partner at Portolano Cavallo | Person | Co-responsible for Portolano Cavallo's private equity practice. |
| Bruno Vascellari | Partner at K&L Gates | Person | Led the legal advisory for B-Smart Italia in the transaction. |
| Giulio Montanaro | Notary | Person | Handled the notarial aspects of the acquisition. |