Kyma Investment Partners, Andrea Rangone and Stefano Mainetti launch the KITT investment vehicle

Kyma Investment Partners sgr, private equity operator dedicated to digital transformation, Andrea Rangone (president and co-founder of Digital 360 and professor of Digital Business at Politecnico di Milano) and Stefano Mainetti (founder of the companies Webscience and doDigital as well as director advisor to the incubator PoliHub) launched KITT.

It is an investment vehicle to support the best Italian entrepreneurs and managers operating in the software and information and communication technologies (ICT) sector in a project of aggregation of technologies in areas and / or specific sectors in order to obtain an integrated leader with large-scale companies to grow and compete internationally. The initiative is part of the current trend of growth and consolidation of the ICT market.

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KITT will be one of the investment vehicles of Kyma’s first fund

Kyma is an independent sgr founded in November 2020 by Luciano Hassan (former private equity manager of Intesa San Paolo and senior advisor to Alpha Private Equity), Gianluca Losi (former partner of TEC, the club deal of Mediobanca and before that director of Alpha Private Equity), Michele Fontana Sabatini (former director of Pillarstone and Bregal Capital) and Carlo Privitera (with a background at Investindustrial in New York, where he was an operational partner and responsible for the digitization of the portfolio companies, and at Luxottica).

Kyma invests in growth buyouts, acquiring the majority of the capital of Italian SMEs with high potential with solid and scalable business models. The first fund launched by Kyma has a fundraising objective of 158 million dollars (130 million euros). Currently, Kyma is in advanced discussions with the Fondo Italiano d’Investimento sgr (FII sgr) for the role of benchmark investor. The other investors will be banks, foundations, insurance companies and family offices.

KITT will be one of the investment vehicles for Kyma’s first fund. To date, Kyma has already identified a number of the best companies in the industry with which to start aggregation projects. During the first investment, the KITT vehicle will be set up, with expected resources of up to $ 30 million (25 million euros) provided directly by Kyma and its investors, to whom it will give the possibility of direct co-investment. The capital will be used both for the acquisition of shares and for capital increases to finance development and accelerated growth projects. The KITT platform will be able to count on a unique mix of skills, integrating the solid experience of private equity and the excellent track record of value creation of the Kyma team, with the in-depth knowledge of the different technologies of Andrea Rangone and Stefano Mainetti, built through over twenty years of experience in the ICT world, helping innovation entrepreneurs pursue product development and business growth strategies.

“The Italian ICT world is now worth over $ 48.6 billion (40 billion euros) and we see it as definitely interesting for market dynamics and growth rates. The KITT platform will represent one of the investment verticals of the Kyma fund, which thus confirms its strategy of supporting the country in the process of innovation and technological transformation, by helping SMEs, which today lack scale. , to come together to grow faster and be competitive. in international markets ”, commented Luciano Hassan, President of Kyma Investment Partners sgr.

Carlo Privitera, Digital & Operating Partner of Kyma Investment Partners sgr said: greater financial resources, better go-to-market capacity, development of excellent management and managerial skills and access to an extensive network of national and international talents, functional to develop and improve the services offered. In selecting targets, we will also pay particular attention to innovative technologies and solutions that support small and medium-sized businesses in their journey towards a more sustainable and responsible business ”.

Andrea Rangone and Stefano Mainetti added: “We are convinced that the Italian ICT sector is characterized by entrepreneurs who, properly supported by adequate capital, can accelerate growth paths both internal (organic) and external (m & a) . It is important to know how to identify them and to accompany them on the path of all-round growth. For this reason, KITT relies on a multidisciplinary combination in which we integrate our knowledge of the ICT sector, both in terms of technology and business models, with Kyma’s proven expertise in private equity and creation of companies. value.


(Featured Image By Edar Going through Pixabay)

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First published in Be Beez, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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