MPVenture sells Sempla to GFT Technologies

GFT, an IT solutions firm based in Germany, acquired the stake through its subsidiary GFT Holding Italy. The company has the option to acquire the remaining 20% of the firm retained by the management team via options after a five-year period.

Previous funding
MPVenture first backed Sempla in 2008 via the MPVenture II fund, which closed on €150m in 2007. The GP originally bought a 34.5% stake in the company, later increasing its shareholding. Sempla embarked upon a growth strategy with the acquisition of Datel Group in 2008.

Company
Founded in 1980 and based in Montecatini Terme, Sempla is an IT consultancy firm that specialises in IT solutions for commercial and private banking clients. Services include IT services, business solutions, digital marketing and design.

The firm has 460 staff across 10 sites in Italy and reported revenues in excess of €44m in 2012. Around 70% of the firm's revenues were generated by customers in the financial sector. EBITDA reached €6.17m in 2012, with earnings before taxes hitting €4.08m.

People
Folco Goggioli led the investment team at MPVenture.

Advisers
Vendor – Allen & Overy (Legal); Chiomenti (Legal); Gianni Origoni Grippo Cappelli & Partners (Legal); Gambino Repetto & Partners (Legal).

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