Italmobiliare S.p.A. (BIT:ITM) and Clessidra Capital Partners 4 Fund, a fund managed by Clessidra Private Equity SGR S.p.A. agreed to acquire an unknown majority stake in Formula Impresoft Srl from Xenon Private Equity VII SCA SICAV-RAIF a fund managed by Xenon Private Equity on December 21, 2021. The top management of Formula Impresoft, composed largely of the founders, will keep a significant stake in the Formula Impresoft. Alix and PwC provided financial due diligence, Alonzo Committeri & Partners acted as legal advisor, LABS Corporate Finance and Ethica Corporate Finance acted as financial advisors and Advant Nctm acted as legal advisor for Clessidra Private Equity.

LCA and Rothschild acted as legal and financial advisors respectively for Xenon Private Equity. The Formula Impresoft has also appointed E&Y to carry out the vendor due diligence.