PROJECT INFORMATICA
Acquired by
HIG CAPITAL
PROJECT INFORMATICA acquired by HIG CAPITAL
Target
PROJECT INFORMATICA
Acquirer
HIG CAPITAL
Context
HIG Europe has acquired a majority stake in the Italian IT services provider Project Informatica from its founder. The strategic rationale for the transaction is to support the company’s next phase of development within the rapidly evolving Italian technological landscape. By partnering with the founder, who remains as CEO and a significant minority shareholder, HIG aims to leverage its deep international IT expertise to capture both organic growth and strategic consolidation opportunities. The deal focuses on strengthening the company’s position as a reference technological partner for industrial and financial organizations, facilitating professionalized management and broader market reach. This acquisition represents a key entry point into the Italian ICT sector for the sponsor, providing a scalable platform to build a diversified technological group through a programmatic build-up strategy.
PROJECT INFORMATICA, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (13.4x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
-> 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
LOGIN
Equity Value
LOGIN
Multiples Analysis
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Other operations with PROJECT INFORMATICA
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 04/2026 | PROJECT INFORMATICA | SISTEMI HS | ITALY | IT Services | WeAreProject, the primary IT services platform controlled by EMK Capital, has successfully entered into a definitive agreement to acquire a majority stake in Sistemi Hardware & Software S.p.A. (Sistemi HS) and its subsidiary Stackna S.r.l. This transaction marks the first inorganic expansion of the group following its change in ownership earlier in the year and represents a significant geographic densification in Northern Italy, particularly within the Piedmont region. The strategic rationale for the move centers on the integration of the target’s established professional services network with the group’s high-density managed services platform. Furthermore, the acquisition provides the group with specialized technical depth in Artificial Intelligence and Data Science through the integration of the target's specialized innovation hub. The partnership is designed to unlock substantial commercial synergies by offering a comprehensive suite of cloud, cybersecurity, and AI-driven process automation tools to a combined base of SMEs and professional consultants. This integration reinforces the organization’s standing as a leading champion for digital transformation in the Italian landscape, ensuring technical durability and operational caliber for its global institutional and private stakeholders. |
| 11/2025 | EMK CAPITAL | PROJECT INFORMATICA | ITALY | IT Services | 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. |
REFERENCES
Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Acquirer: hig capital