Transaction

Clearwater advises the majority shareholders of FOS on the sale of a controlling stake to Audensiel

Transaction

FOS partners with Audensiel, a portfolio company of Sagard and Capza

Sell-side

Undisclosed

Role

Adviser to the majority shareholders of FOS on the sale of a controlling stake to Audensiel

Sector

Tech & Tech Services

Region

Italy

We have advised BP Holding S.r.l. and BB Holding S.r.l., majority shareholders of FOS, an Italian tech company listed on Euronext Growth Milan and active in the digital transformation sector, on the sale of its shares to Audensiel, a French company backed by Sagard and Capza. The sellers will reinvest together with the acquirer in the newly incorporated company controlled by Audensiel, which will acquire the shares and launch a mandatory tender offer, finalised at the delisting of the company contextually to the closing of the transaction (subject to Golden Power approval and under review by CONSOB).

Founded in 1999 and headquartered in Genova, FOS is a leading Italian company operating in the TTS sector that offers system integration and software development services, application and infrastructure outsourcing, research, development and prototyping of innovative technological solutions, and telecommunications services. With approximately 350 employees distributed across nine locations and six research laboratories, its main sectors of activity are industrial, finance, healthcare and medical, telco and utilities, as well as public administration. 

Audensiel is a key player in digital transformation, business and technology consultancy with 2,000 employees in 22 locations, which supports its customers across France, Belgium, Luxembourg, Spain, Mexico, and Canada in the following areas of digital factory, business consulting, data and AI, cybersecurity, as well as cloud and DevOps. Since 2022, and to continue its development internationally, Audensiel has been supported by two prominent private equity funds, Sagard and Capza.

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We are proud to have found the ideal partner to continue our journey of solid and sustainable growth. Looking ahead, FOS will face new opportunities that will require, not only extraordinary financial resources but also high-level industrial expertise, in line with our ambition for responsible and sustainable growth. The involvement of top-tier financial partners, such as Sagard, Capza, and Ardian, and a solid and internationally established industrial group, like Audensiel, represents a guarantee of stability for the FOS Group, its historical shareholders, management, and employees. This new structure strengthens our mission and enables us to face the future with greater stability, confidence, and determination.

Enrico Botte and Gian Matteo Pedrelli, CEOs, FOS
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We are very pleased to announce our intention to acquire a majority stake in FOS. This partnership perfectly aligns with our international growth strategy, strengthening Audensiel’s global position in the field of digital transformation, DevOps, IoT, and data by integrating leading local market leaders. With a highly compatible culture and shared strategic vision, FOS is the ideal platform to accelerate Audensiel’s expansion in Italy and drive larger, more global projects.

Nicolas Pacault, Chairman, Audensiel

Advisers

Transactions