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FINCONS GROUP seeks to raise up to EUR 10m to fund European acquisitions

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Fincons Group, the privately owned, Swiss-Italian IT business development consulting company, is seeking to raise up to EUR 10m through a minority stake sale to fund two acquisitions in France, Germany or Austria, deputy CEO Francesco Moretti said.

Ideal targets would be IT business development consulting companies generating up to EUR 10m in revenues with a strong customer base in the media and transportation industries, which made up to 40% of Fincons Group’s EUR 50m revenues in 2012, Moretti said. He added that Fincons Group could also consider targets with complementary offerings in the banking, insurance, energy, public administration, food and cosmetics sectors.

Fincons Group would welcome proposals from financial advisors and potential targets alike, Moretti said. It uses Lugano-based Fiduciaria Mega as consultant on tax and accountancy issues.



FINCONS GROUP seeks to raise up to EUR 10m to fund European acquisitions