Kitra Advisory with BV TECH in the sale of a minority stake to PX3
Description of the Deal
Kitra Advisory advised the shareholders of BV TECH S.p.A. on the acquisition of a company’s stake by the pan-European private equity fund PX3 Partners,
Company Profile
BV TECH is an Italian company established in 2005 by Raffaele Boccardo, Chairman and CEO, which operates in the cybersecurity and ICT services sectors, including cloud and infrastructure, digital transformation, digital trust, and cyber defence. It operates in more than seven European countries, has over 1,300 employees, and serves approximately 600 clients, including large enterprises, public institutions, energy and utilities, and telecommunications companies.
Rationale of the Deal
Through this deal, BV TECH intended to accelerate its international expansion and consolidate the fragmented European cybersecurity market. The company also plans to expand its technological offerings through proprietary platforms and technologies, such as artificial intelligence and quantum intelligence. PX3 intends to support the company’s industrial strategy and growth ambitions.
