M&A Deal Summary

21 Invest and Green Arrow Capital Acquire RGI Group

On September 1, 2009, private equity firm 21 Invest and asset manager Green Arrow Capital acquired software company RGI Group

Acquisition Highlights
  • This is 21 Invest’s 1st and Green Arrow Capital’s 2nd transaction in the Software sector.
  • This is 21 Invest’s 14th and Green Arrow Capital’s 6th transaction in Italy.
Investment Fate
  • RGI Group was sold to a consortium of financial buyers in 2014.
  • 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 2009-09-01
Target RGI Group
Sector Software
Buyer(s) 21 Invest
Green Arrow Capital
Deal Type Going Private

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) 2

Buyer

21 Invest

Treviso, Italy

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 42 of 89
Sector: Software M&A 1 of 3
Type: Going Private M&A Deals 2 of 3
Country: Italy M&A 14 of 30
Year: 2009 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-01 The Space Entertainment

Rome Area, Italy

The Space Cinema is the largest cinema operator in Italy, with 36 state-of-the-art multiplex cinemas across the country.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-16 Coyote System SAS

Suresnes, United Kingdom

Coyote Systems is the French leader in automotive telematics data and services, providing real-time traffic and road safety information with a unique community-based business model of over 250 000 users.

Buy -
Buyer

Green Arrow Capital

Milan, Italy


Category Asset Manager
Founded 2000
PE ASSETS 2.1B 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 9 of 21
Sector: Software M&A 2 of 2
Type: Going Private M&A Deals 1 of 1
Country: Italy M&A 6 of 18
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-28 Audio Research

Plymouth, Minnesota, United States

Audio Research Corporation is a developer of audio amplifiers. Audio Research was founded in 1970 and its headquarters are in Plymouth (USA).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-20 Sebeto

Napoli, Italy

Sebeto is an operator of casual-dining restaurants in Italy and 11 other countries, including the flagship Rossopomodoro pizza chain. Rossopomodoro is one of the best-known restaurant chains in Italy, with a strong identity and a very high brand awareness. It has more than 60 branches across the country and more than 20 outlets internationally, including the US, the UK, Germany, Denmark, and Turkey.

Sell €54M