Tamburi Investment Partners has finalized the entry into the capital of ITH, controlling shareholder of the Sesa group, an operator active in the sector of Information Technology solutions for the business segment.
The novelty had already been announced on 8 July, when Tip announced its intention to acquire 14,95% of ITH's capital. As part of the operation, TIP concluded a shareholders' agreement with HSE (ITH's parent company).
“Hse, which brings together the founding partners and management of the Sesa Group and holds approximately 80% of the capital of Ith, will further consolidate the shareholding held in Ith itself, thus confirming its commitment to lead the group from a perspective of long-term and sustainable growth,” reads the company note.
The agreement also provides for the possibility for Tamburi to further grow up to 15,75% through put/call options with ITH shareholders.
From a financial point of view, ITH, as of April 30, 2019, recorded consolidated revenues of over Euro 1,5 billion and employs over 2.000 people.
In this context, it should also be remembered that last July 3, Giovanni Tamburi increased his stake in Tamburi Investment Partners to 7,569%, of which 5,621% held through the company Lippino. Consob made it known. At Piazza Affari, the Tamburi stock gains 2,07 to 5,91 euros.
