FSI Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, FSI has acquired 1 company. It has also invested in 6 others.

FSI’s most common sectors for investment areinformation technology (30%) and financial services (10%) . The Firm’s most common investment types include stake purchase (50%) and growth capital (40%).

In the last 3 years, FSI has exited 1 company. The Firm’s most common exit type is secondary buyout (100%).

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M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity10
    • M&A Sell Activity1
  • Total Sectors Invested 8
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 4

FSI

FSI SGR S.p.A.

Passaggio Centrale, 7,
Milan, 20123
Italy
+39 02.62.00.141
www.fondofsi.it
info@fondofsi.it

FSI is a private equity firm focused on Italian middle-market companies with strong growth potential and possessing defensible market positions. The Firm seeks to partner with businesses through minority or majority investments over a medium to long-term horizon. FSI invests in a variety of industries and situations, including successions, consolidations, and buyouts. FSI was established in 2017 and is based in Milan, Italy.


Investment Criteria

Sectors of Interest: Business Services, Distribution, Manufacturing

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital

Geographic Preferences: Western Europe

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 3 - 1 2 2 2 10
Sell (0.2/yr) # - - - 1 - - 1
  11

Most Recent M&A

Company Date Value Type
Retex S.p.A. 2024-05-15 - Growth Capital
Milan, Italy · www.retex.com
Bancomat S.p.A. 2024-04-26 - Growth Capital
Rome, Italy · www.bancomat.it
Nice S.p.A. 2023-08-30 - Stake Purchase
Oderzo, Italy · www.niceforyou.com
ANIMA Holding SpA 2023-02-17 - Stake Purchase
Milan, Italy · www.animasgr.it
Sterling S.p.A. 2022-07-29 - Stake Purchase
Perugia, Italy · www.sterling.it
BCC Pay SpA 2022-01-31 - Joint Venture
Rome, Italy · www.bccpayspa.it
Kedrion SpA 2022-01-20 - Secondary Sale
Lucca, Italy · www.kedrion.com
Lynx Spa 2021-11-18 - Growth Capital
Padova, Italy · www.lynxspa.com
Kedrion SpA 2019-10-16 - Stake Purchase
Lucca, Italy · www.kedrion.com
Missoni S.p.A. 2018-06-15 - Growth Capital
Sumirago, Italy · www.missonistore.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 3 (33%) - 3 (30%) -
Apparel/Textiles 1 (11%) - 1 (10%) -
Business Services 1 (11%) - 1 (10%) -
Financial Services 1 (11%) - 1 (10%) -
Internet Software and Services 1 (11%) - 1 (10%) -
Life Science 1 (11%) - 1 (10%) -
Medical Products - - 1 (10%) -
Safety/Security 1 (11%) - 1 (10%) -
Total 9 - 10 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
Italy 9 (100%) - 10 (100%) -
Total 9 - 10 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Stake Purchase 4 (44%) - 5 (50%) -
Growth Capital 4 (44%) - 4 (40%) -
Joint Venture 1 (11%) - 1 (10%) -
Total 9 - 10 -

Exits by Deal Type

Type Total # Value
Secondary Sale 1 (100%) -
Total 1 -

Top M&A Advisors

Financial Deals
KPMG Corporate Finance
3
Lazard
1
Legal Deals
Ashurst
1
PedersoliGattai
1

M&A Connections

Deals
Acquired from
Strategic(s)
10%
1 (10%)
Exited to
Investor(s)
100%
1 (100%)

FAQ

When was FSI founded?

FSI was founded in 2017.

What type of investor is FSI ?

FSI is a private equity firm.

Where is FSI headquartered?

FSI is headquartered in Milan, Italy.

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