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FORUM Family Office ("FORUM") has acquired a majority stake in Esain S.r.l. ("Esain"), based in Genoa, Italy. Esain was founded in 1994 by Marco Pierini, Luciano Boero, Fabio Ferretti, Francesco Pais, Patrizia Bilardo and Marco Villa and generates sales of approximately 3 million euros with 18 employees, of which approximately 60% are recurring. Revenue growth has been in the double digits in recent years.
The company specializes in CAD software for industrial pipelines. With approximately 800 customers, it is the market leader in Italy.
Esain is our third investment in the European software market this year. As FORUM's fourth transaction in Italy, it further strengthens our commitment in this country.
As always, FORUM stands for continuity: Management, employees and company headquarters remain unchanged. In addition, FORUM will support Esain with its network and experience in accelerating growth and internationalization.
Marco Villa and Luciano Boero will continue to be available to the company and its long-standing customers as consultants. Nicolò Boidi is taking over the CEO role and will drive the next growth phase together with FORUM. His comment on this transaction:
“ESAIN is a company with great potential, which in recent years has increasingly established itself as the market standard for the design of process industry plants. The opportunity to work with FORUM is of strategic importance for us to leverage the skills and network of the new partner, who will provide us with a wealth of international experience. The opportunity to speak with an honest, consistent and business-oriented investor was the key factor that convinced us to enter into the collaboration.”
FORUM invests the assets of a Munich family in medium-sized companies. FORUM's principles in the area of Family Equity are: permanent, decentralized, entrepreneurial – completely different from financial investors. This approach has already convinced 40 entrepreneurs to entrust FORUM with their life's work.
FORUM Family Equity offers family businesses individual succession solutions that ensure long-term success and corporate identity. As a family equity investor, FORUM focuses on sustainability, employee development and cooperation based on trust. In contrast to corporations and private equity funds, which aim for quick profits, FORUM builds long-term partnerships and protects the company value. Find out how FORUM supports your company in successfully continuing your life's work.
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