Livingstone acted as exclusive financial advisor to the shareholders of Lynx S.p.A. (“Lynx”), a fast-growing system integrator, in the entry of Fondo Strategico Italiano (“FSI”) into the company’s capital with a 49.9% minority stake. Matteo and Federico Moretti, founders of Lynx, remain majority shareholders and will continue to lead the company’s strategic growth.
Lynx specializes in the design and implementation of digital solutions for large enterprises operating in the utilities, banking, insurance, and public administration sectors. The group currently generates revenues of approximately € 50 million, with an EBITDA margin of 20%, and employs around 600 professionals across Italy.
A significant portion of FSI’s investment was structured as a capital increase, aimed at supporting Lynx’s ambitious growth strategy, both organically and through M&A, with the goal of building a leading Italian digital group targeting € 500 million in revenues.
Fondo Strategico Italiano is one of Italy’s premier private equity funds, with a robust track record of investments in the ICT sector.
“For entrepreneurs like the Moretti brothers – deeply rooted in innovation and equipped with a clear and ambitious vision – partnering with FSI marks the beginning of a transformative phase, particularly through buy & build strategies. This is a company we’ll be hearing a lot more about,” Luca Maccagnani Castelli, Managing Partner at Livingstone.
Matteo Moretti, Lynx Chairman & CEO commented: “The partnership with FSI represents a historic milestone for Lynx. With new financial resources and expertise, we will be able to accelerate our growth strategy, including forming partnerships with other technology companies that share our vision. FSI, as an institutional partner with a proven track record in the IT sector, adds further credibility to the execution of our growth plan and enhances out ability to serve our customers more effectively”.
This transaction underscores Livingstone’s track record in advising founder-led technology companies and highlights its deep expertise in the Business Services and Tech sectors.
