Charme acquires 80% stake in OCS

An industry adviser, who was not directly involved in the deal but has knowledge of the situation, told Unquote the deal values the business at €210m.

It is understood the company will pursue an international expansion strategy and look to make add-on acquisitions.

Charme is currently investing from its third fund, which has a target of €500m and held a first close on €400m in January 2015. The fund recently completed the acquisition of a 60% stake in ammunition manufacturer Fiocchi Munizioni, in a deal reportedly valued at around €150m.

Debt
Pemberton has provided a €110m unitranche facility to support the transaction, Unquote understands.

Company
Founded in 1984, Brescia-headquartered OCS provides financial software used by retail banks and other financial businesses. Its products provide management of consumer credit and retail transactions. The business also provides organisational and regulatory consulting.

It is understood the business generates a turnover of €30m with EBITDA of €21m.

People
Charme Capital Partners – Matteo di Montezemolo (CEO); Simone Cavalieri (partner).

Advisers
Equity – Legance (legal); Osculati & Partners (commercial due diligence); Studio Spada & Partners (tax).
Company – Klecha & Co (M&A); Pedersoli & Associati (legal); Studio Zanoletti-Uberti (tax).
Debt – Clifford Chance (legal).

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

• Topics
• Buyouts
• Southern Europe
• Technology
• Italy
• Clifford Chance