H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $70 billion of capital under management, is pleased to announce that an affiliate has signed a definitive agreement to sell its portfolio company Project Informatica ("Project Informatica", "WeAreProject", or the "Group"), a leading operator in the Italian Information Technology market, to EMK Capital ("EMK"), a growth-focused private equity investor. The management team of Project Informatica and H.I.G. will reinvest in the Group alongside EMK to support it in the next phase of growth. The completion of the transaction is subject to regulatory approval.

Since its founding in 1990, Project Informatica has grown significantly by supporting its clients throughout their digital transformation journey. During H.I.G.'s investment period, WeAreProject completed seven acquisitions, forming the Group, quadrupled its revenues, and consolidated its position as a leading Italian provider of solutions and services for IT infrastructure. Among the services offered by the Group are cybersecurity services, managed services (including SOC and NOC), hybrid cloud & networking, and artificial intelligence. Today, the Group employs more than 700 people and generates revenues exceeding €450 million.

Raffaele Legnani, Managing Director and Head of H.I.G.'s Italy office, and Giovanni Guglielmi, Managing Director at H.I.G., said: "We are proud to have played an active role in Project Informatica's growth and in the creation of the Group, which has now become a benchmark player in Italy's ICT landscape. By consolidating its position in the sector, the Group is today a leading operator in its reference market. We are pleased with the outstanding financial return we have achieved for our investors, and we are equally excited to continue supporting the management team in the next phase of development."

Alberto Ghisleni, founder and CEO of Project Informatica, added: "The partnership with H.I.G. has been instrumental in accelerating Project Informatica's development in a rapidly consolidating and constantly evolving market. I would like to thank all the employees of the Group whose expertise and dedication have been key to achieving the highly ambitious growth plan designed together with H.I.G. I am pleased to welcome EMK as a majority investor and to enter a new phase in the Group's evolution."