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Description

Italtel, founded in 1921, is an Italian leader in System Integration with expertise in digital innovation solutions such as cybersecurity and hybrid-cloud. Italtel operates through various offices in Italy and in 13 foreign countries, including the main ones like Spain, Brazil, and Peru. The company operates in the Information & Communication Technology sector (solutions for networks, data centers, cybersecurity, and IoT).

Investment thesis

In April 2022, Clessidra entered Italtel's capital together with the PSC Group and TIM. The operation was completed through a cash capital increase and, residually, through the conversion of a portion of the receivables. ITALTEL's relaunch plan is based on repositioning in the Telco market and increasing its presence in the Enterprise Networks markets in Italy and abroad, leveraging the company's dual nature as a system integrator of end-to-end IT solutions and developer of proprietary software.

Company

ITALTEL S.p.A.

Initial participation

Qualified minority

Investment status and date

In portfolio | 04/2022

Sector

I&CT

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