FSI invests €100 million in Retex to establish a leading group
in the MarTech sector
Press release
Milan, May 15, 2024 – FSI, the largest country-focused Private Equity fund in Italy, leader in the technology sector, with over €1.2 billion invested by its team, backs Retex, a digital transformation player, in its growth plan.
Consistently with FSI growth equity strategy, the capital increase investment provides Retex with significant resources to establish a leadership position in its reference market, with the aim of reaching €500 million revenues, in the coming years. FSI will hold a ca. 80% interest, while Retex main current shareholders will retain their ownership.
In 2023, Retex reported revenues of over €100 million, achieving consistent growth over the past 5 years. Headquartered in Milan, Retex employs over 600 people and has made sustainability a core value of its development strategy, operating with the status of Benefit Company. Through the integration of technology, creativity, and data, Retex effectively manages brand-customer relationships across a variety of sectors.
“FSI investment has the objective to create a leading group in the MarTech sector, open to other companies, keen to participate in the project – states Maurizio Tamagnini, CEO of FSI. – FSI continues to play a leading role in driving the digital growth of Italian companies, as evidenced by significant investments in the sector, including Cedacri, Lynx, Cerved, Numia, and Bancomat. Retex is also a Benefit Company, demonstrating the Fund’s ESG commitment.”
“The build-up project – comments Barnaba Ravanne, Co-Managing Partner of FSI – foresees partnerships with highly specialized companies in key areas of marketing, offering digital, data-driven, and omnichannel solutions to support clients’ growth. Moreover, the technological expertise coupled with the Italian creativity, underlying the success of the Made in Italy, enable a strong potential for international development.”
“The partnership with FSI marks a significant milestone for Retex, enabling the company to access new financial resources to accelerate its growth strategy and explore potential partnerships with other players sharing the same vision – comments Fausto Caprini, Chairman and CEO of Retex. – FSI solid track record in the digital sector provides further credibility to our development plan and strengthens our ability to contribute to our clients’ digital transformation.”
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RETEX – Redefine the meaning of Retail: with this mission, Retex is the company that supports brands in digital transformation and innovation by integrating technology, creativity, and data. Established in 2010 and with a strong commitment to sustainability, Retex is today a Benefit Company. Driven by passion and innovation, Retex employs over 600 people from 32 countries, ready to inspire and accelerate digital growth for brands and retail companies.
www.retex.com
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FSI (www.fondofsi.it) is a leading Italian institutional investor with over €2.5 billion in growth capital, raised from major Italian, international and institutional investors. FSI’s investment policy focuses on investments in partnership with Italian institutions, entrepreneurs, and families. With its investments, FSI pursues value creation objectives through organic growth, acquisitions, and sector consolidation.
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