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11/2025MajorityLBO

Emk Capital takes majority stake in Project Informatica

ITALY IT Services / Consulting & Integration EV €300–700M

Context

EMK Capital has signed a binding agreement to acquire a majority stake in Project Informatica from HIG Europe, ending the latter's five-year investment cycle. The strategic rationale for the transaction is to support the next phase of the group's evolution within the rapidly consolidating Italian ICT services market. HIG and the existing management team will reinvest alongside EMK to maintain leadership continuity and capitalize on the group’s established reputation as a leading system integrator. The partnership aims to accelerate the group’s expansion into advanced technological services and further strengthen its leadership position through the continued integration of specialized digital capabilities. This transition marks the shift from a successful build-up phase under previous ownership to a large-scale consolidation strategy intended to broaden the range of solutions provided to a growing base of public and private sector clients.

It is worth noting that the fund HIG Capital took control of Project Informatica through an LBO in 2020.

Project Informatica, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average observed in the TMT (Tech, Media, Telecom) sector (14.8x in 2025).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Founded in 1990, Project Informatica is a prominent Italian technology group and system integrator operating under the "WeAreProject" brand. The company’s business model focuses on guiding public and private organizations through digital transformation by offering a comprehensive ecosystem of integrated skills. Its value proposition encompasses strategic consultancy and tailored technological solutions across several high-growth pillars, including cybersecurity, managed services (SOC and NOC), digital workplace, hybrid cloud, networking, application development, and artificial intelligence. Strategically, the organization has evolved from a local hardware provider into a diversified technological partner, leveraging a network of specialized subsidiaries to provide end-to-end digital infrastructure management. By integrating complex IT systems with advanced consulting, the group serves as a critical enabler for industrial modernization and enterprise-wide technological efficiency.

Ent. Value

€300–700M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
€250–500M
€25–50M
[members only]
2024
€250–500M
€25–50M
[members only]

Other operations with Project Informatica

Other operations with Project Informatica
DateAcquirerTargetCountrySector
04/2026PROJECT INFORMATICASISTEMI HSITALYConsulting & Integration
07/2020HIG CAPITALPROJECT INFORMATICAITALYConsulting & Integration

Other operations with Emk Capital

Other operations with Emk Capital
DateAcquirerTargetCountrySector
07/2024EMK CAPITALL&S LIGHTING INTELLIGENCEITALYHome & DIY
08/2017EMK CAPITALBRIGHT DATAISRAELInfrastructure & Cloud

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REFERENCES

Valuation range: EV €300–700M

Revenue range: €250–500M

EBITDA range: €25–50M

EV/Revenue range: below 1.5x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Project Informatica by Emk Capital are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: emk capital

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Project Informatica, an Italian company specialised in Consulting & Integration, by Emk Capital in 2025, structured as a leveraged buyout (LBO). This followed an earlier holding cycle initiated in July 2020, when the company was acquired by HIG Capital.

How was the acquisition of Project Informatica by Emk Capital valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €300–700M band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the below 1.5x range. Exact figures are available to members.

What were Project Informatica’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Project Informatica generated annual revenue estimated in the €250–500M range and EBITDA in the €25–50M bracket (FY 2025). Detailed financial figures are available to members.

How does the valuation of Project Informatica compare to benchmarks in the TMT (Tech, Media, Telecom) sector?

The estimated multiple of 5x - 12x sits below the sector median of 14.8x recorded in 2025, indicating an attractive entry multiple for Emk Capital or reflecting specific complexities. The descriptive comparison is based on 15 transactions with available EV/EBITDA multiples from differences in size, growth, profitability that may affect comparability.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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