One Equity-backed Lutech buys software provider Disc

This is the fourth bolt-on made by Lutech; it follows the purchase of e-commerce company Tecla.it in November 2018; the acquisition of business intelligence specialist CDM Tecnoconsulting in October 2018; and the add-on of IT system integration provider Sinergy in October 2017.

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 1984, Bergamo-based Disc specialises in developing software for the financial, healthcare and public sectors. The company also provides IT systems integration, client relationship management and enterprise resource planning. It employs 180 staff.

People
Lutech – Tullio Pirovano (CEO).
Disc – Gianroberto Donadelli (CEO).

Advisers
Acquirer – NCTM (legal).
Company – DLA Piper (legal).

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

• Topics
• Portfolio management
• Southern Europe
• Technology
• One Equity Partners
• Italy
• Build-up
• Buy-and-build
• DLA Piper