RedFish invests in FII-backed Maticmind

Alessia Argentieri
15 October 2020

Tweet
Facebook
LinkedIn
Google plus
Send to

RedFish LongTerm Capital has acquired a minority stake in Italian IT systems integrator Maticmind, which is backed by Fondo Italiano d'Investimento (FII).

The investment was made via a capital increase.

Private debt funds Tenax QIAIF ICAV, managed by Tenax Capital, and Green Arrow Private Debt, also provided financing to support the company.

RedFish plans to support the company's growth both organically and via new acquisitions, with the aim of creating a platform in the IT sector across Italy.

Previous funding
FII invested in Maticmind via a capital increase, in exchange for a minority stake, in August 2020. The GP 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.

FICC supports its portfolio companies in expanding into new markets and boosting their growth, both organically and via a buy-and-build strategy. It has raised €380m so far and expects to close in March 2021.

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 centres, 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
RedFish LongTerm Capital – Paolo Pescetto (CEO).
Maticmind – Carmine Saladino (president).