Milan, 31 August 2021 – Lexia Avvocati assisted TAS Group S.P.A., a leading Italian listed company active in the supply of software and services for banking and financial applications, also operating in Europe and America, in the signing of a binding agreement for the acquisition of 55% of the share capital of EliData S.p.A., a company active in the development of IT solutions for the financial industry, with headquarters in Castiglione D’Adda (Lodi).
EliData, a company employing 33 people, closed the 2020 financial year with a total turnover of approximately Euro 4.6 million and an EBITDA margin of 39.8%.
The acquisition will be finalized through a capital contribution in kind reserved to TAS to be paid through the transfer by the latter of its Capital Market business unit and the purchase by TAS of a shareholding equal to 3.3% of Elidata’s share capital on the basis of the shareholders’ participations following the execution of the capital increase.
Lexia Avvocati acted with a team covering M&A and Capital Markets aspects composed by Managing Partner Francesco Dagnino along with Fabio Luongo, Aurora Agostini, Marco Stefanini and Giuseppe Andrea D’Alessio.
KPMG assisted TAS as financial advisor for the transaction.