Xenon FIDEC has launched THEXION, a new Italian cybersecurity hub dedicated to protecting critical infrastructure. THEXION was formed through the acquisition of majority stakes in Exi, Dinets, Stone Security, RJ45Lab and Evolumia. The founders of these companies have reinvested in the project and remain shareholders in the group. THEXION now has more than 600 professionals and aggregate revenues of €80 million, with a broad presence in Italy and abroad.
Belluzzo International Partners advised Xenon FIDEC on the legal and tax aspects of the transaction. A team led by Equity Partner Rodolfo Gherardo La Rosa handled the legal due diligence and all contractual matters relating to the acquisitions and financing. A team led by Partner Lorena Pellissier carried out the tax due diligence.
The transaction was supported by Generali AM Direct Private Debt, which provided a €40 million credit facility for the group’s consolidation.
Deloitte carried out the financial due diligence, and Ethica Debt Advisory advised Xenon FIDEC on debt advisory matters. Dentons advised Generali AM Direct Private Debt on the legal aspects. Notarial matters were handled by Notary Giovannella Condò of Milano Notai.
For further details on the transaction, please read the full press release below.
