Marco and Leonardo Bassilichi are investing in two large industrial projects:
- a new leading hub in the business process outsourcing industry through the establishment of a holding company;
- the national hub of payment systems alongside the Advent International, Bain Capital e Clessidra SGR funds.
Florence, 14 December 2016 – Marco and Leonardo Bassilichi announce the creation of a holding company which will integrate two enterprises already controlled by Bassilichi S.p.A: Fruendo, a leading enterprise in the Italian back-office market, 60% of which is currently owned by Bassilichi SpA, and ABS Technology, a 90% owned company specializing in security systems. Bassilichi family will be among the main shareholders of this industrial project with a 28.50% capital share, confirming the commitment, undertaken when Fruendo was established, to create a leading player in the Business Process Outsourcing industry.
The following enterprises will also invest in the holding company: Arno 1 Srl, (MPVenture) (31.92%), SICI Fondo Toscana Venture (10.58%), Monte dei Paschi di Siena S.p.A. (10%) and Banca Popolare Emilia Romagna S.C. (9%), all of them historical Bassilichi shareholders that will be joined by ICBPI with a 10% share. In total over 22 million Euros will be invested.
The company will be based in Florence and can rely on the high skills and the long experience in the business process outsourcing of over 1000 people located in 7 production sites.
The incorporation of the company is subordinated to the closing of the acquisition of Bassilichi S.p.A. by ICBPI expected by the first half of 2017, subject to regulatory approvals.
In addition, Marco and Leonardo have decided to invest part of the funds from the sale of a 24.3% share in Bassilichi S.p.A. to ICBPI, alongside the ICBPI controlling shareholders’ funds – Advent International, Bain Capital and Clessidra SGR – to contribute to the growth of the largest Italian payment hub lending their skills and entrepreneurial experience.
“The decision to invest in two new industrial projects a is crucial challenge for me and my brother Leonardo. A new path opens in front of us, both from the professional and personal viewpoint, and we are ready to embark on this with the same resolution and passion that have marked our work so far”, says Marco Bassilichi. “In particular, we believe in the potential of growth of the process outsourcing industry and we will direct all our efforts to position the new hub among the leading companies in this market, as we have already done in the payments sector with the hub created together with ICBPI, also thanks to the contribution of Bassilichi’s resources and skills”, concludes Marco Bassilichi.
“As entrepreneurs, we are firmly convinced that in such a changing environment we must have the courage to dare, meet new challenges and set new goals, exploiting the Italian heritage of excellence in many fields”, comments Leonardo Bassilichi. “That’s why we decided to invest in two ambitious projects, focusing once again on the development of the Company and our territory, rather than on personal success and growth, as our entrepreneurial story shows.To achieve this target in a period where the market demand is uncertain and unpredictable –Leonardo Bassilichi says – we will focus on some points we consider essential: the high specialization, economies of scale and the possible synergies with other players on the front of technological innovation, offer expansion and search for new customers”, concludes Leonardo Bassilichi.