Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce that it has provided a financing solution for private capital investment firm CAPZA for its acquisition of a majority stake in Milan-headquartered content management system (“CMS”) solutions provider Eidosmedia S.p.A. (“Eidosmedia”).
Established in 1999, with an engineering team based in Milan, Eidosmedia is a leading global supplier of digital publishing and CMS with over 200 employees based across Europe, North America, and Asia Pacific, and generates €29m in revenues. Its growing customer base includes major media groups such as The Financial Times, Ouest France, Il Sole 24 Ore, News Corp, Funke Mediengruppe, large organizations like Deutsche Post and the Union of European Football Associations (UEFA), the world’s top rating agency in addition to 4 out of the top 5 investment banks globally. In recent years, led by a new management team, Eidosmedia transitioned to a SaaS model and diversified its offering expanding further into the digital media, financial research, and corporate segments.
Kartesia has provided a flexible credit facility to finance CAPZA’s acquisition of Eidosmedia and also to support the long-term growth plans of the business. The capital for this transaction was drawn from Kartesia’s Senior Opportunities I (KSO I) with the deal team comprising Laurent Bouvier, Javier Castillo and Jorge Gimenez-Arribas.
CAPZA will hold the majority investment together with senior management of the Group led by CEO Christian Pelanconi and replaces the current majority shareholder Hg.
Javier Castillo, Director at Kartesia, commented: “We are excited to support CAPZA in the acquisition of EIdosmedia, a business which stands to gain from the transition of its customer base to SaaS solutions and growing demand for content management services across the media, financial research and corporate and government segments. We look forward to working with the management team and CAPZA to realise the company’s ambitious growth plans.”