BU Bregal Unternehmerkapital, Safety21’s controlling institutional shareholder since October 2021, has completed a multi-asset continuation fund transaction co-managed by LGT Capital Partners and Pantheon, with Pantheon acting as lead investor. The transaction is intended to extend BU’s partnership with Safety21 and provide additional long-term capital to support acquisitions and international expansion.
As part of the transaction, HAT SGR partially sold its stake in Safety21 through HAT Technology Fund 4, while retaining a minority interest to participate in the company’s potential future value creation. HAT’s initial investment in Safety21, made in 2016 through HAT SICAF, generated a 6.7x return on invested capital, while the subsequent investment made in 2021 through HAT Technology Fund 4 generated a return exceeding 4x.
Since 2021, Safety21 has nearly tripled its revenue and EBITDA, completed and integrated ten acquisitions and developed TitanO, its proprietary modular technology platform. The company currently supports more than 700 local authorities and operates through 13 offices across Italy and Spain.
The new ownership structure will support Safety21’s continued development in Italy and internationally, with the ambition of becoming a leading European GovTech platform for traffic enforcement and road safety.
