Industry: IT & Telecom
Deal Type: M&A
Closing Date: 2018
Irideos Spa has acquired the entire share capital of Clouditalia Telecomunicazioni Spa from J.Hirsch.
Founded in the late 1890s, Vogt Valve Company manufactures high quality forged steel valves for the chemical, petro-chemical, process and petroleum industries.
Clouditalia (www.clouditalia.com) is an Italian leading company specialized in the provisioning of Telecommunication and Cloud Computing integrated services dedicated to the specific needs of SMEs.
The company owns a proprietary optic fiber network with 15,000 km all over the country and three Data Center (Arezzo, Rome and Milan).
The branches of Arezzo, Rome, Turin, Milan, Padua and Naples count about 250 employees.
Role of Lyra:
Lyra Partners acted as financial advisor to Irideos.
Tasks of Lyra included:
- Assistance in the valuation of the target company
- Assistance in defining the structure and the terms of transaction
- Assistance in the negotiation and execution of the transaction up to the closing
- Coordination of due diligence activities