Investindustrial has agreed to acquire Targa Telematics S.p.A.
Investindustrial has signed an agreement to purchase a stake in Targa Telematics, an Italian technology company that offers solutions in telematics, smart mobility and digital Internet of Things (IoT) platforms for mobility operators. This acquisition will further strengthen the company’s shareholding structure, focusing on a long-term value creation process by accelerating the international expansion.
Andrea C. Bonomi, Chairman of the Industrial Advisory Board of Investindustrial, commented, “We are very happy to partner with Targa Telematics. Being able to work with the company, its management and other shareholders shows how, thanks to innovation, the growth path of excellent companies can be accelerated. Cutting-edge technologies such as those developed by Targa Telematics are recognized not only in Italy, but also abroad, and make this company a leading international player that perfectly matches the quality profile of the companies in which Investindustrial usually invests.”
Lincoln acted as the exclusive buy-side advisor to Investindustrial, providing process, financial and tactical advisory expertise within a highly accelerated time frame.
Closing of the transaction is expected in the second half of 2021.
Investindustrial is a leading European group of independently managed investment, holding and advisory companies with €11 billion of raised fund capital. Investindustrial has a 30-year history of providing middle market companies capital, industrial expertise, operational focus and global platforms to accelerate sustainable value creation and international expansion.
About Targa Telematics
Targa Telematics has 20 years of experience and over half-a-million connected assets. It is aimed at short- and long-term rental companies, financial and insurance companies and managers of large fleets, ranging from insurance telematics to asset and fleet management, from diagnostics and remote telemetry of vehicles, professional and construction vehicles, to the management of airport vehicles.
Meet our Senior Team
View More Transactions in Industrials
Lincoln International advised H.I.G. Capital on the sale of Elekeiroz to Oswaldo Cruz Química
Lincoln International advised Empower Rental Group, a portfolio company of Crossplane Capital, in receiving new debt financing to support M&A
Lincoln International advised Summit Park on the sale of Tennessee Industrial Electronics to Diploma PLC
Lincoln International advised Netzkontor Group, a portfolio company of Deutsche Beteiligungs AG, in its acquisition of Adams Network Engineering
Lincoln International advised Rochester Cable, a company of TE Connectivity, on its sale to Hexatronic
Lincoln International advised ARX Equity Partners on the sale of TES Vsetín to Genesis Capital and Avallon MBO
Lincoln International advised U. P. Twiga Fiberglass in its agreement to be sold to Saint-Gobain
Lincoln International advised Latecoere a portfolio company of Searchlight on raising capital
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.