Information on the target
Gradiente sgr, through its private equity fund Gradiente III, has acquired a 74.3% stake in FDM Business Services srl, a Milan-based company specializing in document management and digitization, outsourcing of administrative and business processes, and technological services for digital transformation. The remaining 25.7% is held by Kauri Holding srl, previously known as Corvallis, along with the current CEO Andrea Artusi, and Enrico Cereda, who assumes the role of executive chairman tasked with leading the strategic development project. FDM Business Services has been operational for over twenty years, focusing on both physical and digital archiving, document management, and the outsourcing of administrative and operational processes.
In 2025, FDM reported revenues of €31 million and a net profit of approximately €1.98 million, compared to €30.83 million in revenues and €791,000 in profit in 2024. The company serves clients in sectors characterized by high data and process management intensity, including banking, insurance, complementary pension, industry, services, and public administration. Its offerings include document archiving and preservation, information flow management, outsourced administrative services, and technological solutions for process digitization.
Industry overview in the target’s specific country
The Business Support Services (NEC) industry in Italy has been experiencing significant growth, driven by the increasing demand for outsourcing and digital transformation services. As businesses seek to enhance operational efficiency and reduce costs, the trend towards outsourcing non-core functions has accelerated. This shift is particularly evident in sectors such as finance, healthcare, and public administration, where companies are increasingly relying on specialized service providers to manage complex processes.
In Italy, the Business Support Services sector encompasses a wide range of activities, including document management, administrative outsourcing, and IT services. The rise of digital technologies has further propelled the industry, as companies look to integrate advanced solutions such as artificial intelligence and automation into their operations. This evolution is not only improving service delivery but also enabling businesses to adapt to changing market conditions more swiftly.
Moreover, the Italian government has been supportive of initiatives aimed at enhancing digital capabilities across industries. Various programs and funding opportunities have been introduced to encourage businesses to invest in technology and innovation. This favorable regulatory environment is expected to continue driving growth within the Business Support Services sector, positioning it as a critical component of Italy's economic landscape.
As companies increasingly prioritize digital transformation, the demand for comprehensive business support services is anticipated to rise. This trend presents significant opportunities for firms lik…