GPI has acquired a 65% stake in Tesi Elettronica e Sistemi Informativi for €58.5 million, enhancing its healthcare IT solutions and international market presence.

Information on the Target

GPI, a publicly traded company on the EXM market, specializes in Information Systems and Services for Healthcare and Social Affairs. Recently, it has acquired a 65% stake in Tesi Elettronica e Sistemi Informativi.

Tesi Group, established in 1981, is comprised of Tesi and its subsidiaries, including two Italian companies and three foreign entities located in Mexico, Brazil, and Colombia. The group focuses on developing IT solutions that cater specifically to the healthcare sector. In 2021, the Tesi Group reported revenues of €29 million with an EBITDA of €11.7 million, and its enterprise value reached €90.1 million.

Industry Overview in Italy

The healthcare IT sector in Italy has been experiencing significant transformation, driven by an increasing demand for digital solutions that ensure efficiency and accuracy in healthcare d

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GPI

invested in

Tesi Elettronica e Sistemi Informativi

in 2023

in a Buy & Build / Roll-Up deal

Disclosed details

Transaction Size: $59M

Revenue: $31M

EBITDA: $13M

Enterprise Value: $90M

Equity Value: $38M


Multiples

EV/EBITDA: 7.2x

EV/Revenue: 2.9x

P/Revenue: 1.2x

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