Avvocatidiimpresa with Advantage in the purchase by Lutech Group

The Awocatidiimpresa firm assisted the sellers in the operation, while the CDPlex firm supported the Lutech group.

The Lutech Group has announced the acquisition of 100% of the shares of Advantage, a Parma-based system integrator specializing in digital transformation projects in manufacturing, aimed at accelerating the business integration processes of client companies, accompanying them step by step on their innovation journey.

Lutech is an Italian group of more than 2,700 professionals who lead the Digital Evolution of large customers and SMEs in the public and private sectors, in Italy and abroad, with specific expertise in 9 vertical sectors: Energy and Utilities, Fashion, Financial Services, Healthcare, Manufacturing, Media, Public Sector, Retail and Telco.

In the acquisition operation, the firm Avvocatidienfirma assisted the sellers of Advantage with the Attorney. Alberto Calvi di Coenzo and the Lawyer. Rosanna Frischetto.

In the acquisition operation, the team of the law firm Caiazzo Donnini Pappalardo & Associati, composed of the Attorney. Roberto Donnini and the Attorney. Alessandro Pilarski assisted the Lutech Group.

The firm Caiazzo Donnini Pappalardo & associati assisted the Lutech group, active in the IT sector, in two acquisition operations.

The first concerns 100% of the shares of Advantage, Parm’s system integrator specializing in digital transformation projects in manufacturing, aimed at accelerating the business integration processes of client companies, accompanying them step by step on their innovation journey. The second concerns lnfoedge, an Italian company that has been creating and implementing IT projects for the finance and insurance sectors since 2010.

In both operations, the team of the law firm Caiazzo Donnini Pappalardo & Associati was composed of Roberto Donnini (pictured left) and Alessandro Pilarski.

Advantage’s sellers were assisted by the law firm Avvocati di Impresa, with Alberto Calvi di Coenzo and Rosanna Frischetto. The seller, in the deal on lnfoedge, was instead assisted by Hi.Lex, with managing partner Marco Carbonara.

Lutech, an Italian leader in IT services and solutions, controlled since last spring by Apax Partners (see another BeBeez article), has announced the acquisition of 100% of Advantage, a company specializing in digital transformation projects in manufacturing, aimed at accelerating the business integration processes of client companies, accompanying them step by step on their innovation journey (see the press release here).

In Operation Advantage, she was assisted by Ocean Mechant as financial advisor and by the firm Avvocatidilmpresa on the legal front, while the firm Caiazzo Donnini Pappalardo & Associati assisted the Luthec Group.

Founded in 2000 by Vito Lazzara and Manfredo Caprice D’Alessandro, Advantage is based in Parma and has achieved a leading role among system integrators, particularly in Automotive, Aerospace, Medical Device & Life Science, industrial Equipment and Machine Building, counting among its references several excellences of Made in ltaly. The company closed 2020 with revenues of €4.75 million, an EBITDA of €976,000, and net liquidity of €767,000 (see the Leanus report here, after registering for free).

Manfredo D’Alessandro Caprice, CEO of Advantage, commented: “This financial transaction, strongly supported by our management, is the formal recognition of undisputed leadership among the LT partners turning to Italian manufacturing. Joining the Lutech Group will allow Advantage to make a further qualitative leap in terms of skills and references and to count on new resources and infrastructure useful for expanding its offering with new services.”

Tullio Pirovano, CEO of the Lutech Group, commented: “Advantage’s entry into the Lutech Group is the first in a series of steps agreed upon with the APAX fund, our largest shareholder, which will allow us to consolidate our position in manufacturing, a strategic area already heavily controlled by the Lutech Group and currently among the main protagonists of the digitalization projects for economic recovery envisaged by the PNRR. This acquisition contributes to completing the quality of the Lutech Group’s offering, ensuring the best for Italian manufacturing companies in developing LT projects for the complete management of the product life cycle.”

The announcement of the acquisition of Advantage comes just a few days after the acquisition of lnfoedge, a company specializing in lnformation Technology, with a particular focus in the areas of Business Analytics, Data Management and Enterprise Application, mainly for the insurance sector (see another article by BeBeez).

Lutech is an Italian group of over 2,700 professionals who lead the Digitai Evolution of large customers and SMEs in the public and private sectors,in Italy and abroad, with specific expertise in 9 vertical sectors: Energy and Utilities, Fashion, Financial Services, Healthcare, Manufacturing, Media, Public Sector, Retail and Telco. Apax Partners announced the signing of the acquisition agreement last March. One Equity Partners (OEP) sold control of the group, based on a valuation of €500 million (see another BeBeez article). The group closed 2020 with consolidated revenues of €423 million, an eBITDA of €36.6 million, and net financial debt of €131.5 million (see the Leanus report here, after registering for free).

Lutech has grown significantly in recent years thanks to aggressive m&a: since it was acquired by OEP in 2017, there have been 16 acquisitions. In particular, at the end of May 2019 it purchased Disc, a historic software house integrator system specialized in the design and development of IT solutions (see another article by BeBeez) and which also in 2019 Turin-based Finance Evolution (Business Process Consulting services for banks and other financial operators) joined the group, Enigen (Salesforce’s Platinum Partner, of which it is the only authorized certified training center in Italy); and the Padua-based Mediana (solutions focused on the core business processes of the Energy&Utilities sector). While in 2018 it acquired Diem Technologies, a company founded in 2000, based in Genoa and specialized in satellite communication systems and digitai broadcasting (November 2018, see another BeBeez article); Tecla.it, a company specialized in digitai commerce that has been on the market for over 20 years (November 2018, see another BeBeez article); lct CDM Tecnoconsulting spa and its subsidiaries (October 2018, see more BeBeez article) and Nest 2 (May 2018). Last January, the group also announced the merger of Sinergy (acquired in October 2017) and Nest2 into Lutech (see press release here).

During the launch event of Lutech Next Generation Manufacturing, the Lutech Group, Italy’s leading IT company, announced the acquisition of 100% of the shares of Advantage, a company specializing in digital transformation projects in manufacturing, aimed at accelerating the business integration processes of its client companies, accompanying them step by step on their innovation journey.

Advantage aims to be an excellent partner of the manufacturing industry, particularly in Industry 4.0 projects, now Transition 4.0: from Product Lifecycle Management (PlM) to Configuration Management, from Augmented Reality to IoT. The common objective of these activities is to ensure the optimization of operations and time-to-market, consequently increasing the quality of products and services.

“Advantage’s entry into the Lutech Group,” says Tullio Pirovano, CEO of the Lutech Group, “is the first in a series of steps agreed upon with the Apax fund, our largest shareholder, which will allow us to consolidate our position in Manufacturing, a strategic area already heavily controlled by the Lutech Group and currently among the main protagonists of the digitalization projects for economic recovery envisaged by the PNRR. This acquisition helps complete the quality of the Lutech Group’s offering, ensuring the best for Italian manufacturing companies in developing IT projects for complete product lifecycle management.”

In more than twenty years of activity, Advantage has achieved a leading role among system integrators, particularly in Automotive, Aerospace, Medical Device & Life Science, Industrial Equipment and Machine Building, counting among its references several Made in Italy excellences.

Advantage’s projects are developed around a single goal: to optimize customers’ business processes through technology, and through an innovative approach, and end-to-end development, from design to support.

Advantage, in particular, is configured as an absolute reference partner for PTC, a leading brand in services, and in Manufacturing solutions.

“This financial operation, strongly desired by our management,” said Manfredo D’Alessandro Caprice, CEO of Advantage, “is the formal recognition of undisputed leadership among IT partners targeting Italian Manufacturing. Joining the Lutech Group will allow Advantage to make a further qualitative leap in terms of skills and references and to count on new resources and infrastructure useful for expanding its offering with new services”.

The strong commitment with PTC, together with the expertise of Advantage’s development team, ensure the seamless integration of PLM’s solutions with the most popular CAD and ERP systems of client companies. In this way, Advantage’s business model and market approach integrate seamlessly with that of CDM Tecnoconsulting, a company already belonging to the Lutech Group.

Advantage’s resources will immediately collaborate with CDM Tecnoconsulting teams to create integrated and customized solutions for Italian manufacturing companies, ensuring rapid decision-making, design, and execution of corporate IT systems.

In the acquisition transaction, Ocean Mechant with its partner Alessandro Sebastiani, as financial advisor, and the Avvocatidilmpresa firm assisted Advantage with the Attorney. Alberto Calvi di Coenzo and the Lawyer. Rosanna Frischetto, while the firm Caiazzo Donnini Pappalardo & Associati, with lawyers Roberto Donnini and Alessandro Pilarski, assisted the Lutech Group.

During the launch event of Lutech Next Generation Manufacturing, the Lutech Group announced the acquisition of 100% of the shares of Advantage, a company specializing in digital transformation projects in Manufacturing, aimed at accelerating the Business Integration processes of client companies, accompanying them step by step on their innovation journey.

“Advantage’s entry into the Lutech Group,” says Tullio Pirovano, CEO of the Lutech Group, “is the first in a series of steps agreed upon with the Apax fund, our largest shareholder, which will allow us to consolidate our position in Manufacturing, a strategic area already heavily controlled by the Lutech Group and currently among the main protagonists of the digitalization projects for economic recovery envisaged by the PNRR. This acquisition helps complete the quality of the Lutech Group’s offering, ensuring the best for Italian manufacturing companies in developing IT projects for complete product lifecycle management.”

In more than twenty years of activity, Advantage has achieved a leading role among system integrators, particularly in Automotive, Aerospace, Medical Device & Life Science, Industrial Equipment and Machine Building, counting among its references several Made in Italy excellences.

Advantage’s projects are built around a single goal: optimizing customers’ business processes through technology and through an innovative approach and end-to-end development, from design to support.

Advantage, in particular, is configured as an absolute reference partner for PTC, a leading brand in services and in Manufacturing solutions. “This financial operation, strongly desired by our management,” said Manfredo D’Alessandro Caprice, CEO of Advantage, “is the formal recognition of undisputed leadership among IT partners targeting Italian Manufacturing. Joining the Lutech Group will allow Advantage to make a further qualitative leap in terms of skills and references and to count on new resources and infrastructure useful for expanding its offering with new services.” The strong commitment with PTC, together with the expertise of Advantage’s development team, ensure the seamless integration of PLM’s solutions with the most popular CAD and ERP systems of client companies. In this way, Advantage’s business model and market approach integrate seamlessly with that of CDM Tecnoconsulting, a company already belonging to the Lutech Group. Advantage’s resources will immediately collaborate with CDM Tecnoconsulting teams to create integrated and customized solutions for Italian manufacturing companies, ensuring rapid decision-making, design, and execution of corporate IT systems. In the acquisition transaction, Ocean Mechant with partner Alessandro Sebastiani, quaIe financial advisor and the firm Avvocatiidilmpresa assisted Advantage with the Attorney. Alberto Calvi di Coenzo and the Lawyer. Rosanna Frischetto, while the firm Caiazzo, Donnini Pappalardo, & Associati, with lawyers Roberto Donnini and Alessandro Pilarski, assisted the Lutech Group.

The acquisition growth of Lutech Group continues unabated, having announced the acquisition of 100% of the shares of Advantage, a company specializing in digital transformation projects in manufacturing.

As Lutech Group CEO Tullio Pirovano explained in a statement, “Advantage’s entry into the Lutech Group is the first in a series of steps agreed upon with the APAX fund, our largest shareholder, which will allow us to consolidate our position in manufacturing, a strategic area already heavily controlled by the Group and currently among the main protagonists of the digitalization projects for economic recovery envisaged by the PNRR.”

Advantage, led by CEO Manfredo D’Alessandro Caprice, aims to be a partner in the manufacturing industry, particularly in Industry 4.0 projects, now Transition 4.0: from Product Lifecycle Management to Configuration Management, from Augmented Realty to IoT.

The common goal of these activities is to ensure the optimization of operations and time to market, thereby increasing the quality of products and services.

In over twenty years of activity Advantage has achieved a leading role among system integrators, particularly in the automotive, Aerospace, Medical Device & Life Science, Industrial Equipment and Machine Building sectors.

Advantage, in particular, is configured as a reference partner for PTC, ensuring the integration of PLM solutions with the CAD and ERP systems of client companies.

Advantage’s business model and market approach integrate with those of CDM Tecnoconsulting, a company formerly belonging to the Lutech Group.

Advantage’s resources will collaborate, from the very beginning, with the teams of CDM Tecnoconsulting for the creation of integrated and customized solutions for Italian manufacturing companies, ensuring rapid decision-making, design and execution of the company’s IT systems.

In the acquisition transaction, Ocean Mechant, with its partner Alessandro Sebastiani as financial advisor, and the firm Avvocatidilmpresa, assisted Advantage with the Attorney. Alberto Calvi di Coenzo and the Lawyer. Rosanna Frischetto, while Io studio Caiazzo Donnini Pappalardo & Associati, with lawyers Roberto Donnini and Alessandro Pilarski, assisted the Lutech Group.