M&A Deal Summary

Ardian Acquires RGI Group

On May 30, 2014, private equity firm Ardian acquired software company RGI Group from 21 Invest and Green Arrow Capital

Acquisition Highlights
  • This is Ardian’s 8th transaction in the Software sector.
  • This is Ardian’s 15th transaction in Italy.
Investment Fate
  • RGI Group was sold to a consortium of financial buyers in 2018.
  • RGI Group was sold to a consortium of financial buyers in 2022.

M&A Deal Summary

Date 2014-05-30
Target RGI Group
Sector Software
Buyer(s) Ardian
Sellers(s) 21 Invest
Green Arrow Capital
Deal Type Secondary Buyout

Target

RGI Group

Milan, Italy
RGI Group is an Independent Software Vendor, a European leader in the digital transformation of Insurers. RGI Group has been committed for more than 30 years to the Insurance industry. RGI Group was founded in 1987 and is based in Milan, Italy.

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Buyer(S) 1

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 212 of 465
Sector: Software M&A 8 of 16
Type: Secondary Buyout M&A Deals 61 of 155
Country: Italy M&A 15 of 37
Year: 2014 M&A 7 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-30 Staci

Saint-Ouen-l'Aumone, France

Staci is a third-party logistics provider with a focus on complex retail logistics. Staci offers innovative B2B and B2C logistics solutions for companies wishing to outsource all or part of their logistics and distribution. Staci was founded in 1989 and is based in Saint-Ouen-l'Aumone, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-04 Saba Park Services

Hertfordshire, United Kingdom

Saba Park Service is a provider of parking services from competitive drive-in rates to fantastic deals on season tickets and flexible online tickets. Saba Park Service is based in Hertfordshire, United Kingdom.

Buy -

Seller(S) 2

SELLER

21 Invest

Treviso, Italy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

21 Invest is a private equity firm that targets investments in growth-oriented, middle-market Italian, French, and Polish companies operating in a variety of industries. The Firm invests in French businesses through 21 Centrale Partners, Italian companies through 21 Partners SGR, and Polish companies through 21 Concordia. The Firm targets transactions requiring at least €10 million of capital typically in the form of development capital for growth companies, buyout capital for managers, or replacement capital for companies facing succession issues or needing shareholder liquidity. 21 Invest was founded in 1992 and is based in Treviso, Italy.


DEAL STATS #
Overall 22 of 45
Sector: Software M&A 1 of 2
Type: Secondary Buyout M&A Deals 10 of 26
Country: Italy M&A 9 of 18
Year: 2014 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-22 Nadella

Milan, Italy

Nadella is a producer of linear guides and rollers for industrial motion applications. Nadella was founded in 1963 and is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-15 DGF

Chanteloup-les-vignes, France

DGF engages in the creation and distribution of finished and semi-finished ingredients and food products for professionals in the bakery, pastry, and catering sectors, with more than 23,000 end customers. Positioned on the whole distribution chain. DGF was founded in 1986 and is based in Chanteloup-les-vignes, France.

Buy -
SELLER

Green Arrow Capital

Milan, Italy

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2000
PE ASSETS 2.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Green Arrow Capital is an asset management firm focused on private equity, private credit, real estate, and energy investments throughout Italy. The Firm's private equity arm focuses on majority and select minority investments mid-sized companies. Green Arrow is a hands-on investment group, looking to assist management with 'financial, international and operational strategies'. Green Arrow Capital was formed in 2000 and is based in Milan.


DEAL STATS #
Overall 7 of 15
Sector: Software M&A 2 of 2
Type: Secondary Buyout M&A Deals 4 of 7
Country: Italy M&A 5 of 13
Year: 2014 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-13 McIntosh Group

New York, New York, United States

McIntosh Group is a developer of high-performance audio equipment controlling McIntosh, Audio Research, Sonus Faber and Wadia brands. McIntosh Group is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-05 PittaRosso

Milan, Italy

PittaRosso is a retailer in the Italian footwear market with a network of over 100 stores and a growing presence of approximately 20 stores across France, Croatia and Slovenia. PittaRosso was founded in 1972 and is based in Legnaro, Italy.

Sell -