Oakley Capital Invests in Italian IT Consulting Firm JBMC
Why we think this is good
The acquisition of JBMC by Oakley Capital is a positive development, as it provides exposure to a fast-growing IT consulting firm in the attractive Financial Services sector in Italy. JBMC has demonstrated strong revenue growth and customer satisfaction, and the partnership with Oakley Capital is expected to further accelerate its growth. While some financial details are still unclear, the overall outlook for this investment appears favorable.
Key Points
- Oakley Capital Investments Limited (OCI) to acquire majority stake in Join Business Management Consulting (JBMC), an Italian management and IT consultancy firm
- JBMC focused on the Financial Services sector in Italy, a c.€5 billion market benefiting from digitization
- JBMC has achieved rapid growth, with revenue growing over 20% CAGR in the past 5 years
- Oakley Capital to support JBMC's growth through investment in business development and future M&A
- Acquisition expected to have a positive impact on OCI's earnings
Summary
Oakley Capital Investments Limited (OCI) has announced that its indirect investment via Oakley Capital Origin II will contribute around £8 million to acquire a majority stake in Join Business Management Consulting (JBMC), a fast-growing Italian management and IT consultancy firm focused on the Financial Services sector.
JBMC has achieved rapid growth, with revenue growing at a compound annual growth rate of over 20% over the past five years, outpacing the broader market. The company operates in a c.€5 billion consulting and IT services market that is benefiting from a digitization wave as Italy catches up with higher EU average investment in IT modernization and development.
Oakley Capital will support JBMC's management team to accelerate growth by investing in new business origination and capability development, as well as leveraging its expertise in buy-and-build to support future M&A. The acquisition is expected to have a positive impact on OCI's earnings.