PEP invests €18m in Allsystem
Private Equity Partners SGR (PEP) has injected €18m into Italian security company Allsystem Group in exchange for a significant minority stake. Investment took place through Private Equity Partners Fund IV, which closed on €300m in 2007.
The capital injection will support plans to expand the company's presence in the SME and residential security sector and increase its Italian client base beyond its stronghold in northern Italy. PEP's strategy includes the eventual listing of Allsystem on the Stock Exchange.
Company
Founded in Biella in the 1980s, Allsystem is a security services, software and equipment provider. The security firm has developed proprietary software allowing it to link all security systems technology to its operations centres for monitoring. Allsystem has more than 3,000 clients and employs around 2,000 members of staff. In 2011 the company reported turnover of €110m and a €14m EBITDA.
People
PEP co-founder Fabio Sattin led the deal alongside partner Leonardo Bruzzichesi and investment associate Lorenzo Bovo. Massimo Donato is CFO of Allsystem.
Advisers
Equity – E&Y Transaction Services Team, Andrea Guerzoni (Commercial & financial due diligence); Simmons & Simmons, Marco Franzini (Legal); Willis, Sebastiano Doria (Insurance due diligence).
Company – Studio Sidro Benigno, Alessio Poi (Corporate finance); Studio Legale Bodo, Andrea Bodo (Legal).
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