IRIDEOS acquires 100% of Clouditalia from private equity fund ILP III

Banca Akros acted as exclusive financial advisor to the seller

IRIDEOS, the new Italian ICT hub dedicated to businesses, controlled by F2i and Marguerite, has signed an agreement to acquire 100% of Clouditalia from the private equity fund ILP III.

Clouditalia is a specialist provider of integrated connectivity and data centre services. The company manages a fibre optic network that extends approximately 15,000 km throughout Italy, covering both long-distance and metropolitan sections (approximately 3,000 km in the main Italian cities, including Milan, Rome, Turin, Brescia, Naples, Padua, Bologna and Bari), through which it provides telecommunications services to business customers and consumers.

IRIDEOS was established in July 2017 with the acquisition of Infracom Italia, which was then followed by the acquisitions of MC-link, BiG Tlc, KPNQWest Italia and, in July 2018, of Enter.

By acquiring Clouditalia, IRIDEOS will double its available fibre-optic network throughout the country and significantly increase its ability to provide B2B solutions for high performance connectivity, data centre services, cloud, IT systems management and cyber security. The extensiveness of the network will enable IRIDEOS to reach further districts and industrial areas that remain on the other side of the digital divide, and to provide backhauling services for the telecommunications towers located throughout the country. The acquisition of Clouditalia will also allow the company to benefit from significant economies of scale and industrial and operational synergies.

Banca Akros acted as exclusive financial advisor to the seller.

The following is a brief description of the transaction:

• on Wednesday 3 October 2018, IRIDEOS and ILP III signed an agreement for the purchase and sale of 100% of Clouditalia (confidential value)
• the closing of the transaction is subject to the fulfilment of certain typical conditions, including clearance by the Antitrust Authority, and is expected by the end of November 2018
• the transaction represents an example of cross-selling and cross-origination within the Group and confirms the consolidation of Banca AKROS’ role as an investment bank in the Italian mid-market M&A market

Banca Akros Team

Senior sponsorship

Giuseppe Puccio

M&A

Filippo Salvetti

Senior sponsorship

Fabrizio Caputi

Banco BPM – Private Equity and Funds

Antonio Mignone