Algebris Investments, with support from New Deal Advisors, has acquired a 60% stake in IDEA S.r.l., enhancing its position in the growing water management industry through the Aquanexa platform.

Target Company Overview

Established in 1996 and headquartered in Milan, IDEA S.r.l. specializes in providing turnkey solutions for data management and monitoring systems pertaining to water assets and networks. The company has successfully installed the key telemonitoring systems essential for water services throughout Italy. Its offerings include digital solutions and hardware for operational performance measurement, system maintenance, and IoT integration. As of 2023, IDEA reported revenues of approximately €32 million, with an EBITDA of around €3.2 million. The company boasts a skilled team of 40 professionals, positioning itself as a significant player in the water management sector.

IDEA's acquisition is part of a broader strategy to enhance the Aquanexa platform, which aims to serve as a comprehensive 'one-stop shop' for water management services. By partnering with selected companies, Aquanexa seeks to drive innovation and digitalization within the water industry.

Industry Overview

The water industry in Italy plays a crucial role in managing one of the country’s most vital resources. Over the past decade, there has been a growing focus on enhancing the efficiency and sustainability