Crionet has sold a majority stake to White Bridge Investments
December 2022 — The shareholders of Crionet S.r.l. have sold a majority stake in the company to White Bridge Investments II SpA.
Headquartered in Italy, Crionet operates as an integrated player providing high-class proposition software solutions and services, ranging from data collection, delivery, processing and visualization, to event management (hospitality, accreditation and ticketing). The company enjoys a solid position in the broadcasting and delivery of professional sports live events, with specific focus on racket sports. The company’s technological proposal is completed by the development of integrated data and video solutions based on artificial intelligence and computer vision. Under the leadership of its two shareholders and managers – Giorgio Garcia-Agreda and Gaetano Guarino – Crionet has grown to become a key stakeholder in the tennis ecosystem, with innovating and disrupting technologies and business workflow.
White Bridge Investments is an Italy-based private equity firm, specializing in long-term investments in small and medium-sized companies. It is led by Marco Pinciroli and Stefano Devescovi. The firm focuses on emerging markets, with a particular emphasis on the telecom, entertainment, energy and other infrastructure-related sectors.
Our role in the transaction
Oaklins’ team in Italy acted as financial advisor to Crionet in this transaction.
Talk to the deal team
Related deals
Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Learn moreFreeway Fleet Systems has been acquired by Movement Software
Freeway Fleet Systems has been acquired by Movement Software, strengthening its position as a leading provider of fleet management and maintenance software while expanding the group’s presence into the UK market. As a strategic consolidator focused on transportation and mobility software, Movement Software will benefit from immediate product and customer synergies, with Freeway providing a strong platform for further geographic expansion across key fleet end markets.
Learn moreBIG BIO Herlev and BIG BIO Nordhavn have been acquired by Nordisk Film Biografer
BIG BIO Herlev and BIG BIO Nordhavn, two premium cinemas in the Copenhagen area, have been acquired by Nordisk Film Biografer, part of Nordisk Film, which is owned by Egmont. The acquisition expands Nordisk Film Biografer’s presence in the Danish cinema market and strengthens its premium cinema offering, adding two established venues to its portfolio.
Learn more