One Equity-backed Lutech bolts on Tecla.it

The transaction also includes the acquisition of two subsidiaries controlled by Tecla.it: design and digital marketing specialist 2MLab and SAP Hybris expert Stepfour.

One Equity bought a controlling stake in Lutech in July 2017 from the majority shareholder, Laserline – a holding company managed by Lutech chair Enrico Magni – and from 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 1998, Tecla.it specialises in e-commerce, product information management, marketing automation and business analytics for B2C and B2B clients operating in the retail and fashion industries. The company is headquartered in Faenza and has offices in Milan, Treviso, Bologna, Cesena and New York. It employs 100 staff and generated EBITDA of €1.1m from revenues of around €10m in 2017.

People
Lutech – Tullio Pirovano (CEO).
Tecla.it – Carlo Visani (CEO); Stefano Zauli (chief operating officer, chief technology officer).

Advisers
Acquirer – Fineurop Soditic (corporate finance); NCTM Studio Legale (legal).
Vendor – Minghetti (legal).

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

• Topics
• Portfolio management
• Southern Europe
• Support services
• One Equity Partners
• Italy
• Build-up
• Buy-and-build
• Fineurop Soditic