IBF Servizi S.p.A. (“IBF”), a portfolio company of “Nextalia Private Equity” fund, managed by Nextalia SGR (“Nextalia”), and participated by BF Agricola s.r.l. Società Agricola (part of the group headed by B.F. S.p.A. (“BF”), a company listed on Euronext Milan), has finalized the acquisition of Abaco S.p.A. (“Abaco”), European leader in software solutions for the management and control of territorial resources, from the fund “Idea Taste of Italy”, managed by DeA Capital Alternative Funds SGR and its founding partners.
With this acquisition, IBF strengthens its leading role in the Agritech sector in Italy and Europe, in line with its business plan, and lays the foundations for further growth at an international level. The transaction takes place less than a year after the acquisition of IBF by Nextalia and the start of the strategic partnership with BF in the reference sector.
Abaco offers proprietary technology solutions to Public Administration, farmers, and large companies in the Food sector to encourage the adoption of precision farming practices, to support the management of agricultural policies and to enhance the value of supply chain data by guaranteeing the traceability of production. With offices in Italy and Great Britain and activities in several countries around the world, Abaco has been able to anticipate the needs of an evolving market and become, also on an international scale, the trusted partner of the most important industry players and governments by supporting them in the challenges of innovation, sustainable development, traceability, and productivity. Abaco will continue to be led by the current management team and CEO Dr. Antonio Samaritani, in coordination with IBF CEO Dr. Roberto Mancini.
Alberto Vigo, Senior Partner of Nextalia SGR, commented: “We are proud to support the creation of a leading European group in the Agritech sector by leveraging a solid and excellent Italian base. The transaction will allow IBF, under the leadership of the group’s CEO, Dr. Roberto Mancini, to strengthen its role as a leading operator in supporting innovation in the Italian agri-food supply chain, promoting sustainable agriculture through the use of the latest technologies.”
This transaction further reinstates Cassiopea Partners’ expertise in the Technology and Software space and our track record in the agri-food sector.
