Fondo Italiano backs Maticmind

FII backed Maticmind via Fondo Italiano Consolidamento e Crescita (FICC), which targets majority and minority stakes in Italian businesses with strong revenues, profitable EBITDA and ambitious expansion plans. The fund supports its portfolio companies in expanding into new markets and boosting their growth, both organically and via a buy-and-build strategy. Unquote understands that the vehicle has raised €380m so far and expects to close in March 2021.

FII has recently published its 2020-2023 business plan, announcing that it intends to invest – directly via its private equity vehicles and indirectly via its fund-of-funds– around €3bn in 600 Italian SMEs in the next three years.

Company
Established in 2005 and based in Vimodrone, near Milan, Maticmind is an IT system integrator specialising in consultancy, networking, cybersecurity, big data, cloud, data centre, storage and data protection and application management.

The company has two subsidiaries, Fibermind and Cybermind, and employs 800 staff across 12 offices located in Italy. The group generated revenues of around €300m in 2019.

People
Fondo Italiano d’Investimento - Andrea Montanino (president).
Maticmind - Carmine Saladino (president).

Advisers
Equity - Studio Legale RCCD (legal); Boston Consulting Group (operational due diligence); KPMG (financial due diligence); ERM (ESG due diligence); AON (insurance due diligence).
Company - Studio Legale Bonelli Erede (legal); Mediolanum Investment Banking (corporate finance).

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• Topics
• Expansion
• Southern Europe
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• Fondo Italiano di Investimento
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• KPMG