KKR backs Qui! Group

Following the deal, which is valued at approximately €50m, KKR director Matteo Bozzo will join Qui!'s executive board while Qui! founder and owner Gregorio Fogliani will stay on with the company and retain an undisclosed holding in the business, Unquote understands.

The company will use the fresh capital to support its growth and boost its internationalisation strategy and global expansion.

Company
Founded in 1989 and based in Genova, Qui! specialises in providing and managing online welfare and card loyalty programmes for Italian and Brazilian private businesses and public organisations.

The company currently has 20 million users, manages a yearly average of 105 million transactions and has recently invested around €20m in the development of its technological platform.

In 2017, Qui! generated an EBITDA of €19.3m, a 15% increase compared with the previous year, from revenues of €560m.

People
Qui Group! – Gregorio Fogliani (founder).
KKR – Matteo Bozzo (director).

Advisers
Equity – Deloitte (corporate finance); Linklaters (legal).
Company – Mediobanca (corporate finance); Studio Pedersoli (legal).

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• Topics
• Expansion
• Southern Europe
• Technology
• Italy
• KKR
• Mediobanca
• Deloitte
• Linklaters