AI assistant
Tinexta M&A Activity 2021
4493_rns_2021-07-21_b44977da-ec30-4ce8-b348-a4999128a519.pdf
M&A Activity
Open in viewerOpens in your device viewer
| Informazione Regolamentata n. 20053-64-2021 |
Data/Ora Ricezione 21 Luglio 2021 16:35:54 |
MTA - Star | |
|---|---|---|---|
| Societa' | : | TINEXTA | |
| Identificativo Informazione Regolamentata |
: | 150130 | |
| Nome utilizzatore | : | TINEXTANSS01 - POZZI | |
| Tipologia | : | 3.1 | |
| Data/Ora Ricezione | : | 21 Luglio 2021 16:35:54 | |
| Data/Ora Inizio Diffusione presunta |
: | 21 Luglio 2021 16:35:55 | |
| Oggetto | : | Finalized the strategic partnership with Intesa Sanpaolo in support of Italian SMEs |
|
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
TINEXTA: FINALIZED THE STRATEGIC PARTNERSHIP WITH INTESA SANPAOLO IN SUPPORT OF ITALIAN SMEs
The contribution of 100% of Isp Forvalue by Intesa Sanpaolo was completed, with Intesa Sanpaolo taking a 25% stake in Innolva (Tinexta Group)
July 21, 2021. Tinexta Group informs that it has today finalized the closing of the transaction announced on the 20th June 2021, which sees Intesa Sanpaolo's contribution of 100% of Intesa Sanpaolo Forvalue's stake in Innolva S.p.A. - a subsidiary of Tinexta - and the contextual subscription of newly issued shares in Innolva, resulting from a reserved capital increase. The value of the contribution was set at Euro 55 million.
As a result of the transaction, Innolva's share capital is therefore 75% held by Tinexta, which retains the majority of corporate governance, and 25% by Intesa Sanpaolo.
The operation aims to create a single, integrated domestic hub for higher value-added services for SMEs. It deals with a strategic partnership that enhances the Tinexta Group's mission to support Italian SMEs in their growth path: through Forvalue's extensive network, which boasts a unique, distinctive and top quality positioning, Italian companies will have access to a broad and qualified platform of products and services to support their business.
Tinexta and Innolva were assisted by PwC Strategy& as industrial advisor, PwC Deals and PwC TLS Lawyers and accountants for activities related to Due Diligence, by Gianni & Origoni law firm for contractual aspects and by Mediobanca as financial advisor. Intesa Sanpaolo was assisted by Monitor Deloitte as strategic advisor, Deloitte Financial Advisory as financial advisor and Pedersoli Studio Legale for contractual and legal aspects.
TINEXTA S.p.A.
Tinexta, listed on the STAR segment of the Milan Stock Exchange, reported the following consolidated results as of 31 December 2020: revenues of EUR 269.1 million, EBITDA of EUR 77.9 million and net profit of EUR 37.9 million. Tinexta Group is one of Italy's leading operators in itsfour business areas: Digital Trust, Cyber Security, Credit Information & Management, Innovation & Marketing Services. The Digital Trust Business Unit provides, through the companiesInfoCert S.p.A., Visura S.p.A., Sixtema S.p.A. and the Spanish company Camerfirma S.A., products and servicesfor digitalisation, electronic invoicing and certified e-mail (PEC) for large companies, banks, insurance and financial companies, SMEs, associations and professionals. The Cyber Security Business Unit operates through the companies Yoroi, Swascan and Corvallis and constitutes one of the national poles in the research and provision of the most advanced solutions for data protection and security. In the Credit Information & Management Business Unit, Innolva S.p.A. and its subsidiaries offer services to support decision-making processes (Chamber of Commerce and real estate information, aggregated reports, synthetic ratings, decision-making models, credit assessment and recovery) while RE Valuta offers real estate services (appraisals and evaluations). In the Innovation & Marketing Services Business Unit, Warrant Hub S.p.A. is a leader in consultancy in grants, loans and tax relief as well asindustrial innovation, while Co.Mark S.p.A. provides Temporary Export Management consultancy to SMEs to support them in their commercial expansion. As of 31 December 2020, the Group had 1,403 employees.
Sito web: www.tinexta.com, Stock ticker: TNXT, ISIN Code IT0005037210
| CONTATTI TINEXTA | ||||
|---|---|---|---|---|
| Chief Investor Relations Officer | Media Advisor | Specialist | ||
| Josef Mastragostino | Barabino & Partners S.p.A. | Intermonte SIM S.p.A. | ||
| [email protected] | Foro Buonaparte, 22 - 20121 Milano | Corso V. Emanuele II, 9 - 20122 Milano | ||
| Chief External Relations & Communication | Tel.: +39 02 7202 3535 | Tel.: +39 02 771151 | ||
| Officer | Stefania Bassi: +39 335 6282 667 | |||
| Alessandra Ruzzu | [email protected] | |||
| [email protected] | ||||
| Ufficio Stampa | ||||
| Carla Piro Mander | ||||
| Tel. +39 06 42 01 26 31 | ||||
| [email protected] | ||||