Kyma Investment Partners SGR, new asset management company independent based in Milan, it has received authorization to operate from the Bank of Italy. The company was born from the initiative of four partners with a long experience in the private equity and digital sector.
Kyma is throwing a new growth buy-out fund dedicated to small and medium-sized enterprises Italian companies with high potential, with EBITDA between 3 and 7 million, operating in traditional sectors (ICT, education, services, mechanics, etc.), who have the ambition and potential to digitally transform their business. This transformation will not only make business models more performing and efficient in the long term thanks to the introduction of digital technologies and skills within company processes, but also and above all more sustainable. Opportunities for consolidation of the sector in which they operate and internationalization will be the other main levers on which Kyma will focus its growth strategy for its investee companies.
“With the authorization of the Bank of Italy – he commented Luciano Hassan, President of Kyma – we are happy to now be able to launch our fund dedicated to supporting Italian SMEs in their digitization process. An increasing number of technologies are significantly impacting the way companies compete in global markets. Businesses need to adapt to the new context and they will increasingly do so in the future also following the impact of the Covid-19. Kyma aims to make the world of traditional companies talk to that of technologies, making the latter accessible to the best Italian companies so that they can continue to excel and compete on a global scale”.
The team can count on a mix of skills, with a synergistic and complementary background, made up of private equity professionals and managers who are experts in digitalisation, sustainability and buy & build processes on a global scale. In addition to the Chairman Luciano Hassan, already head of private equity at Intesa San Paolo, and senior advisor for Alpha Private Equity, the team is made up of partners Gianluca Losi, former partner of TEC, the Mediobanca club deal and director of Alpha before that Private Equity and Michele Fontana Sabatini, former director of KKR Pillarstone and Bregal Capital, a pan-European growth buy-out fund based in London. The team is completed by Carlo Privitera in the role of Digital & Operations Partner, with a past in InvestIndustrial in New York, where he was Operating Partner and responsible for the digitization of the companies in the portfolio and in Luxottica where he held, among other roles, that as global manager of the E-Com & Digital Innovation project.
Funding target for the new fund, now in the launch phase following the authorization of the asset management company by the Bank of Italy, will be 130 million. Kyma is in advanced discussions with the Fondo Italiano d'Investimento for the role of anchor investor. Other investors will be banks, foundations, insurance companies and family offices.
