M&A Deal Summary

Intermediate Capital Group Acquires DGS

On June 11, 2024, mezzanine finance firm Intermediate Capital Group acquired information technology company DGS from H.I.G. Private Equity

Acquisition Highlights
  • This is Intermediate Capital Group’s 7th transaction in the Information Technology sector.
  • This is Intermediate Capital Group’s 9th transaction in Italy.

M&A Deal Summary

Date 2024-06-11
Target DGS
Sector Information Technology
Buyer(s) Intermediate Capital Group
Sellers(s) H.I.G. Private Equity
Deal Type Secondary Buyout

Target

DGS

Rome, Italy
DGS provides digital solutions (system integration on main ERP, CRM, PLM/SCM platform software, and proprietary custom applications), the full spectrum of cybersecurity services (advisory, data protection, network protection, monitoring & control services), and IT management consultancy. DGS was established in 1997 and is based in Rome, Italy.

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Buyer(S) 1

Buyer

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 291 of 292
Sector (Information Technology) 7 of 7
Type (Secondary Buyout) 113 of 114
Country (Italy) 9 of 10
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-25 Astek

Boulogne-Billancourt, France

Astek is an engineering and technology consulting that supports its international customers in the intelligent deployment of their products and services and the implementation of their digital transformation. Astek was formed in 1988 and is based in Boulogne-Billancourt, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-25 Vision Group

Milan, Italy

Vision Group is a distribution network for Italian opticians run by over 2.000 business owners with different levels of affiliation, including VisionOttica, their national banner. Vision Group was founded in 1989 and is based in Milan, Italy.

Buy -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 57.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.


DEAL STATS #
Overall 156 of 159
Sector (Information Technology) 13 of 13
Type (Secondary Buyout) 67 of 69
Country (Italy) 3 of 4
Year (2024) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 CarltonOne Engagement

Markham, Ontario, Canada

CarltonOne Engagement is a technology company that creates B2B employee recognition, rewards, sales/channel incentive, and customer loyalty programs. CarltonOne Engagement is based in Markham, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-17 Mobile Health

Palo Alto, California, United States

Mobile Health is an end-to-end digital health, wellness, and virtual care platform focused on reducing healthcare costs for employers and creating improved health outcomes for employees. Mobile Health is based in Palo Alto, California.

Buy -