Tamburi backs Milan-listed IT specialist Sesa

Tamburi bought a 14.95% stake in ITH – the holding company which controls 52.8% of Sesa – for €17m. The deal includes a put and call option agreement with ITH's shareholders, which allows Tamburi to increase its stake in the company up to 15.75%.

Tamburi intends to support Sesa's international expansion, primarily in Germany and the rest of Europe, consolidate its market position and further boost its growth both organically and via additional acquisitions.

Company
Established in 1973 and headquartered in Empoli, Sesa specialises in IT solutions, system integration, cloud computing and ICT logistics. The company generated EBITDA of around €60m from revenues of €1.5bn in the financial year ending in April 2019. It employs 2,000 staff.

People
Tamburi Investment Partners – Alessandra Gritti (CEO).
Sesa – Alessandro Fabbroni (CEO).

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