Txt E-solutions Acquires Webgenesys with Legal Expertise
Deal News | Nov 13, 2024 | Legal Community Italy
Txt E-solutions, a group specialized in software solutions for digital transformation and listed on Euronext Star Milan, has entered into binding agreements for the acquisition of 100% of Webgenesys, a company specialized in digital innovation for public administrations. The transaction includes a co-investment from Hat SGR through its private equity Hat Technology Fund 5. Advant Nctm assisted Txt and Hat with corporate M&A and regulatory guidance, Russo De Rosa Associati provided tax advice, and Grant Thornton along with OC&C Strategy Consultants, HSPI, and Erm performed various due diligence activities. Orrick advised Hat SGR during the negotiation of shareholder agreements, while Simmons & Simmons assisted the selling company, Genesy Group, with corporate and public law matters. Lyra Partners originated and managed the sale process, acting as the financial advisor.
Sectors
- Software Technology
- Private Equity
- Legal Services
- Financial Advisory
Geography
- Italy – The transaction involves Italian companies and law firms, with Txt E-solutions listed on Euronext Star Milan.
Industry
- Software Technology – The primary sector of Txt E-solutions and Webgenesys, focusing on digital transformation solutions.
- Private Equity – Involvement of Hat SGR's Hat Technology Fund 5 signifies participation in private equity funding.
- Legal Services – Multiple law firms involved in providing M&A, regulatory, and legal advice for the transaction.
- Financial Advisory – Various financial advisories like Grant Thornton and Lyra Partners involved in due diligence and sale management.
Financials
- 100% – The acquisition involves 100% of the capital of Webgenesys.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Txt E-solutions | Acquiring Company | Company | A software solutions provider specializing in digital transformation, acquiring Webgenesys. |
| Hat SGR | Co-Investor | Company | Investment firm co-investing with Txt E-solutions through Hat Technology Fund 5. |
| Webgenesys | Target Company | Company | A company specialized in digital innovation for public administrations, being acquired by Txt E-solutions. |
| Advant Nctm | Legal Advisor | Company | Provided corporate M&A and regulatory advice to the acquiring parties. |
| Russo De Rosa Associati | Tax Advisor | Company | Provided tax advisory services to the acquirers. |
| Grant Thornton Financial Advisory Services | Financial Advisor | Company | Conducted financial due diligence for the acquisition. |
| OC&C Strategy Consultants | Business Due Diligence | Company | Conducted business due diligence for the acquisition. |
| HSPI | Technical Due Diligence | Company | Conducted technical due diligence for the acquisition. |
| ERM | ESG Due Diligence | Company | Conducted ESG due diligence for the acquisition. |
| Orrick | Advisor to Hat | Company | Advised Hat SGR on negotiation and subscription of shareholder agreements. |
| Simmons & Simmons | Advisor to Seller | Company | Advised Genesy Group on corporate/M&A and public law matters. |
| Lyra Partners | Financial Advisor | Company | Originated and managed the sale process for Webgenesys. |
| Genesy Group | Selling Company | Company | Holding company of Webgenesys, advised by Simmons & Simmons. |