Wise's OpenjobMetis to float on Italian stock exchange

The firm originally invested in the Italian recruitment business (at the time known as Openjob) in July 2003. Four years later, Wise acquired a majority stake in the Gallarate-based company with capital drawn from Wise Equity II, which reached a final close in May 2006 on €170m.

Under the GP's tenure, the company has undertaken a series of bolt-on acquisitions, including Pianeta Lavoro, In Time, QuandoccoRre and Job.

In March 2011, Openjob acquired Metis, leading to the creation of OpenjobMetis. Following the deal, Wise held a 67% stake in the newly merged business, with Metis's majority shareholders, the Vittorelli family, retaining a 25% stake.

The flotation would mark the first divestment for Wise since May 2011, when the firm reaped a 5x multiple from the €30-35m sale of Eurodifarm to DHL Supply Chain, the contract logistics arm of Deutsche Post DHL.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Southern Europe
• Support services
• Italy
• Wise SGR