Ambienta finalises third fund deployment with Gruppo Spaggiari Parma acquisition

Ambienta will hold a majority stake in the company, alongside Chairman Pier Paolo Avanzi. Avanzi led Spaggiari in its transition from an education publishing house to a school software provider, according to a press release. CEO Riccardo Agostini will continue his role and invest significantly in the transaction, it said.

The investment is in line with Ambienta's focus on pollution reduction and resource efficiency for its companies, it said, given the fact that Spaggiari's business model focuses on paper usage reduction and the digitalisation of schools.

Under Ambienta, Spaggiari will have the potential to consolidate the educational software sector through acquisitions, as well as growing organically, it said.

Spaggiari is the last platform investment from Ambienta's Ambienta III, which held a final close in 2018, according to Unquote Data. The third vintage now encompasses nine platforms. Its other recent investments include the acquisition of sustainable childrenswear brand Lässig last November, as reported.

The GP is now deploying equity via Ambienta IV, which held a final close on its hard-cap at EUR 1.55bn last summer, as reported. The strategy will continue its focus on acquiring mid-cap European companies that can deliver positive environmental transformation and sustsinability across sectors including industrials, technology and consumer.

Company
Founded in 1926 and based in Parma, Spaggiariis a developer of Digital School, a software suite that includes electronic school registers, communications with parents, digital tools to support e-learning, school management software, and other back-office solutions. Digital School serves around 6,000 schools in Italy, addressing more than 600,000 teachers, 250,000 education personnel, and over 5 million students and 7 million parents.

The business posts turnover of EUR 33m and an EBITDA of EUR 7m, according to a report from Italian publication Il Sole 24 Ore.

People
Ambienta - Giancarlo Beraudo (partner).
Spaggiari - Pier Paolo Avanzi (chairman), Riccardo Agostini (CEO).

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