First partner to support the digital transition of the public and private industry in Italy.

Lutech is a leading company in Italy, and among the main European players, in ICT services and solutions, acting as a system integrator to design and implement the digital transformation of public and private sector.

The Company offers a wide range of solutions, from strategic consulting to the supply of both proprietary and third-party products, up to operational management. The main application areas concern: next-generation IT infrastructures, cloud solutions, customer engagement solutions, solutions for credit management and electronic payments, cybersecurity, IoT and Big Data.

Optimization of the expansion operation through HAT’s support in company’s external development

The transaction, generated in June 2014 by an advisor of HAT network, consisted in a capital expansion of €7.6 million subscribed by HAT Fund 3 for a 19% stake to support external growth.
Lutech’s value has grown during HAT’s investment period mainly through the company’s external development (buy and build), with 11 acquisitions in the three-year holding period. The Management Team contributed to Lutech’s value growth through the constant support in the scouting and evaluation of extraordinary operations thanks to the specific know-how of the sector, the improvement of company’s organizational system and through Networking activities for the development of new business.

7,6mln/€

Invested capital 2014

13,3mln/€

Realized value 2017

1,7x

MOIC

Exit strategy and investment enhancement

Trade sale to another Found. The exit was carried out as part of the sale of Lutech to a Fund managed by One Equity Partners. In particular, prior to the sale by the majority shareholder Laserline, the latter exercised the call option towards HAT at a predetermined IRR, and then proceeded with the sale of its entire stake, generating a multiple on the invested capital equal to 1.7x.

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