One Equity's Lutech bolts on CDM Tecnoconsulting

The combined group intends to consolidate its market position in Europe and expand further internationally, especially in Spain and China where CDM already has a presence.

One Equity acquired a controlling stake in Italy-based system integration specialist Lutech in July 2017 from the majority shareholder, a holding company managed by Lutech chair Enrico Magni, called Laserline, and 16 minority shareholders. Following the transaction, Laserline fully exited the business and Magni left his role as chair. To finance the acquisition, the GP deployed capital from its One Equity Partners VI fund, which held a final close on its hard-cap of $1.65bn in February 2017.

Company
Established in 1986 and headquartered in Sorbolo, near Parma, CDM provides companies operating in the manufacturing industry with product lifecycle management, enterprise and supply chain management, business analytics, big data, customer relationship management, digital marketing, and systems and network consulting. The company employs a staff of 300 people, has 1,500 clients and generates annual revenues of €55m.

People
Lutech – Tullio Pirovano (CEO).
CDM Tecnoconsulting – Antonio Carta (president); Antonio Riso (CEO).

Advisers
Acquirer – Studio Caiazzo Donnini Pappalardo e Associati (legal).
Vendor – Ocean Merchant (corporate finance); Studio Sebastiani (tax); Avvocatidiimpresa (legal).

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