2026

Fondo Italiano D’Investimento has acquired NPO Torino S.r.l. with acquisition financing provided by Equita, Alantra

NPO Torino S.r.l.

Founded in Turin in 2009 and controlled since 2015 by the Japanese multinational Ricoh, NPO Torino is an Italian infrastructure system integrator focused on IT operations, cloud management, digital workplace support, cybersecurity and data protection, with offices also in Brazil and the United States.

The Deal

Fondo Italiano d’Investimento has acquired 70% of NPO Torino, its subsidiaries and affiliated companies, with the management team controlling the remaining 30%. The transaction, set out as a carve-out from the Ricoh Group, aims to scale the business both organically and through M&A.

Lincoln International acted as debt advisor to Fondo Italiano d’Investimento in securing the most suitable financing package to enable the buyout and the carve-out. Equita Capital Partners and Alantra Private Debt provided the senior financing package alongside an earn-out line to support the overall transaction.

Our Perspective

Daniele Candiani, Managing Director of Lincoln International’s Capital Advisory Group, commented, “We are pleased to have supported Fondo Italiano d’Investimento in securing the most suitable financing package to successfully complete the carve-out and realize the company’s potential in the IT sector.”

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