A strategic international acquisition
On November 13, 2020, Warrant Hub S.p.A. (Tinexta Group) finalized the acquisition of the French company Euroquality SAS and its sister company Europroject OOD, located in Sofia, Bulgaria. These consulting firms have been assisting companies for over 20 years in securing European funds dedicated to innovation.
Warrant Hub S.p.A. is the Italian leader in consulting for obtaining public financing and grants. The company supports businesses investing in innovation and research to help them become eligible for European Union funding. Warrant Hub is a subsidiary of TINEXTA, listed on the Milan Stock Exchange, primarily operating in the software and internet services sectors. In 2019, Tinexta recorded a turnover of €259M and an EBITDA of €72M.
This international acquisition is part of Tinexta’s geographical expansion strategy, prioritizing countries like France, whose entrepreneurial fabric and legislative framework are comparable to the Italian market. Warrant Hub has acquired 100% of the shares of Euroquality and Europroject.
An operation led by ALTIOS Corporate Finance
ALTIOS a partner of Crédit Agricole Italy, advised the buyer through its Corporate Finance division. The mandate was to identify a French innovation consulting company to facilitate Tinexta’s entry into the French market.
To achieve this, an exhaustive search followed by a selective approach to potential targets was conducted. The process culminated in exclusive negotiations with Euroquality and the closing of the transaction in an environment marked by the resurgence of the health crisis and uncertainties about the return to normal economic activity.
ALTIOS’ mission included:
● Conducting a comprehensive screening of the French market
● Implementing a targeted and direct approach to potential targets
● Negotiating the terms and conditions for the acquisition of 100% of the shares
With the completion of this transaction in an unprecedented crisis context, Altios demonstrates its ability to excel in complex cross-border transactions and target identification. Through its expertise in Altios Corporate Finance, the group confirms its positioning as a buy-side advisor for international small-cap external growth transactions.ons.
ALTIOS Corporate Finance Testimonial
“This operation confirms Altios’ added value in finding the ideal acquisition target and executing cross-border transactions under the best conditions, serving as a trusted partner for SMEs and mid-market companies.”
Alexandre Kaplan, M&A Director and Partner, ALTIOS Corporate Finance
Advisors
Buyer’s Advisors:
- Financial: Altios Corporate Finance – Alexandre Kaplan, Director / Crédit Agricole Italy – Stefano Mangione, Director
- Legal: Castaldi Partners – Gaspare Dori, Partner / Todorov & Doykova – Svilen Todorov
- Financial Audit: Grant Thornton – Frédéric Zeitoun, Partner
Seller’s Advisors:
- Financial: Logion Finance – Yvette Mislin, Director
- Legal: CMS Francis Lefebvre Avocats – David Mantienne, Partner
- Accounting & Tax: Fiducorp – Sylvia Loureiro, Chartered Accountant, Partner
Contact Press: Alexandre Kaplan, M&A Director, a.kaplan@altios.com
