HIG Capital (HIG), a global alternative investment firm with $70bn of capital under management, has sold its portfolio company Project Informatica, an operator in the Italian Information Technology market, to private equity investor EMK Capital (EMK).
The management team of Project Informatica and HIG will reinvest in the group alongside EMK to support it in the next phase of growth. The completion of the transaction is subject to regulatory approval.
During HIG’s investment period, the business completed seven acquisitions, quadrupled its revenues, and consolidated its position as a provider of solutions and services for IT infrastructure. Among the services it offers are cybersecurity services, managed services, hybrid cloud & networking, and artificial intelligence. Today, it employs more than 700 people and generates revenues exceeding €450m.
