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Tinexta M&A Activity 2022
4493_tar_2022-08-03_44b59c5e-6288-4b93-a8d2-be160b4abbb9.pdf
M&A Activity
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| Informazione Regolamentata n. 20053-36-2022 |
Data/Ora Ricezione 03 Agosto 2022 15:52:21 |
Euronext Star Milan | |
|---|---|---|---|
| Societa' | : | TINEXTA | |
| Identificativo Informazione Regolamentata |
: | 165753 | |
| Nome utilizzatore | : | TINEXTANSS01 - MASTRAGOSTINO | |
| Tipologia | : | 3.1 | |
| Data/Ora Ricezione | : | 03 Agosto 2022 15:52:21 | |
| Data/Ora Inizio Diffusione presunta |
: | 03 Agosto 2022 15:52:23 | |
| Oggetto | : | Finalized transfer of 75% of Innolva S.p.A. to CRIF for a consideration of €170.1 million, part of sale of credit information and management division |
|
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
FINALIZED THE TRANSFER OF 75% OF INNOLVA S.P.A. TO CRIF FOR A CONSIDERATION OF €170.1 MILLION, AS PART OF THE SALE OF THE CREDIT INFORMATION AND MANAGEMENT DIVISION
Rome August 3, 2022. Following the announcement to the market on May 30, 2022, Tinexta S.p.A., a leading company in Digital Trust, Cyber Security and Innovation & Marketing services, listed on the Euronext Star Milan segment ("Tinexta"), announces that today the transfer to CRIF S.p.A. of 75% of the share capital of Innolva S.p.A. for a consideration of Euro 170.1 million, paid partly in cash and partly by offsetting receivables, has been completed. The total equity value, equal to Euro 226.8 million, was determined on the basis of an enterprise value of Innolva S.p.A. of Euro 187.5 million, adjusted for the estimated net financial position1 at closing of Euro 39.3 million.
The sale of the stake held in Innolva was finalised upon the fulfilment of all conditions precedent provided for in the relevant binding agreement, including the sale to CRIF S.p.A. by Intesa Sanpaolo S.p.A. of the remaining 25% of the share capital of Innolva S.p.A. and the transfer of 100% of the share capital of Forvalue S.p.A. from Innolva S.p.A. to Warrant Hub S.p.A., a company wholly owned by Tinexta.
In order to strengthen the strategic partnership currently in place between Tinexta and Intesa Sanpaolo S.p.A. by virtue of commercial agreements relating to the activities of Forvalue S.p.A., Tinexta and Intesa Sanpaolo S.p.A. are negotiating an option of Intesa Sanpaolo S.p.A. to enter into the share capital of Warrant Hub S.p.A. by investing all or part of the proceeds deriving to Intesa Sanpaolo S.p.A. from the sale to CRIF S.p.A. of its 25% shareholding in Innolva, via a capital increase.
Tinexta S.p.A.
Tinexta, listed on the Euronext Star Milan, reported the following Consolidated Results at 31 December 2021: Revenues of € 375.4 million, EBITDA of € 93.0 million and Net Profit of € 39.6 million. Tinexta Group is one of Italy's leading operators in its four business areas: Digital Trust, Cyber Security, Credit Information & Management, Innovation & Marketing Services. The Digital Trust Business Unit provides, through the companies InfoCert S.p.A., Visura S.p.A., Sixtema S.p.A., the Spanish company Camerfirma S.A. and the French company CertEurope S.a.S., products and services for digitisation: ature, digital identity, customer onboarding, 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
1 The estimated net financial position at closing includes the positive effects deriving from the sale of ForValue from Innolva to Warrant Hub.
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 S.p.A. 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 as industrial innovation, while Co.Mark S.p.A. provides Temporary Export Management consultancy to SMEs to support them in their commercial expansion. At 31 December 2021, the Group had 2,393 employees.
Website: www.tinexta.com, Stock ticker: TNXT, ISIN Code IT0005037210
| CONTACTS | ||||
|---|---|---|---|---|
| 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 Milan | Corso V. Emanuele II, 9 - 20122 Milan | ||
| 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] | ||||
| Press Office | ||||
| Carla Piro Mander | ||||
| Tel. +39 06 42 01 26 31 | ||||
| [email protected] | ||||