Livingstone advises the majority shareholders of Lynx on the repurchase of FSI’s minority shareholding
Livingstone acted as financial advisor to Lynx S.p.A. (“Lynx”), an Italian system integrator specialized in digital services for utilities, banks, insurance companies and P.A., and its majority shareholders Matteo and Federico Moretti, in the family holding company’s repurchase of the stake held by the Private Equity fund Fondo Strategico Italiano (“FSI”). Matteo and Federico Moretti’s objective is to continue the growth path initiated in recent years. FSI will remain at the side of the Moretti brothers in Lynx’s growth path. The transaction was made possible by a strategic, long-term investment from the Global Credit platform of global investment firm Carlyle (NASDAQ: CG).
Active for over 20 years, the Lynx Group has exceeded € 130 million in turnover and has over 1,100 employees. Lynx represents excellence in digital services for utilities, banking, insurance, industry and public administration. In the last three years, the Group has significantly accelerated its growth path, tripling its turnover partly through ten strategic acquisitions.
The Moretti brothers aim to continue this growth path by further strengthening Lynx’s position in the digital market in terms of both quality and technological innovation. Lynx will now be able to count on the strategic support of two high standing institutions such as FSI and Carlyle.
“Lynx aims to become the leading Italian player in the digital market. The significant growth of the last few years brings us ever closer to this ambitious goal. Our business plan for the coming years envisages continuous expansion, both through organic development and through the integration of new companies. The share repurchase transaction, conducted through our family holding company, aims to consolidate this growth, allowing the company to pursue its development plan with momentum. It is a great honour for us to be able to count from today on a high-profile partner such as Carlyle, which has believed in our project and will accompany us on our future path. Our sincere thanks also go to FSI, which will continue to support us in achieving our goals,” said Matteo Moretti, CEO of Lynx.
Nicola Falcinelli, Deputy Head for Strategy at Carlyle Private Credit in Europe said: “Lynx has experienced strong and steady growth over the past 10 years, both organically and through acquisitions, driven by the quality of its products and services. Carlyle is delighted to partner with Matteo and Federi-co and support the company’s established leadership, continuing to establish itself as a national champion in the digital innovation market”.
“The partnership with the Moretti brothers is a perfect illustration of FSI’s investment approach. Our role is to support family entrepreneurs in their transformational growth by providing them with growth capital and leveraging our institutional network. We plan to continue to support the founders Matteo and Federico in the next phase of Lynx’s development, aiming to position Lynx as a leading player in the system integration sector,” said Maurizio Tamagnini, CEO of FSI.
“We have had the pleasure of working with the Moretti brothers for a long time, including the 2021 transaction with FSI. The Lynx Group stands out in the IT sector for its ability to innovate and implement new solutions in the digital market. This transaction was strongly desired by the Moretti brothers, determined and dynamic entrepreneurs with a clear vision of the Group’s future, with the aim of consolidating and further strengthening the ambitious growth path undertaken years ago,” said Luca Maccagnani Castelli, Managing Partner of Livingstone.
