Lenovys joins Tinexta and aims to grow in Italy and Europe

Lenovys joins the Tinexta S.p.A. group, a company listed on Euronext Star and active in Digital Trust, Cyber Security and Business Innovation services, as the founding core of a new business line dedicated to strategic consulting and the execution of high-impact transformation projects.

“Over the past 15 years, Lenovys has built a virtuous model to create value in companies with particular attention to people – comments Luciano Attolico, CEO of Lenovys –
Now this approach is being put at the service of a much larger network.
Thanks to the Tinexta group, we aim to grow and make our model of economic and human sustainability an absolute reference in Italy and in Europe.”

Based in Livorno and Milan, Lenovys was founded in 2009 by Eng. Luciano Attolico, today boasts a customer portfolio of about 1000 accounts, with more than 50 professionals. The company serves more than 130 high profile mid-corp clients annually, offering strategic consulting and lean management, divided into 6 competence centers: Strategy & Governance, Office & Operations, Innovation & R&D, People & Organization, Sales & Go-to Market and Digital Change.

The transaction was made possible by the formation of Antexis Strategies srl, 100% owned by Tinexta, which has signed binding agreements for the acquisition of 60% of the capital of Lenovys Srl.

The consideration for the acquisition of 60% of the shares in Lenovys will be calculated at closing based on an Enterprise Value of 15 million euros, above NFP adjusted, and will be paid in three tranches between 2024 and 2026. There are also put and call options for the purchase of a minority interest equal to 50% of the same, after approval of the 2026 financial statements, and for the remaining part, when approval of the 2027 financial statements.

Lenovys expects revenues of around 7.8 million euros and reported EBITDA of around 1.8 million euros, with an EBITDA margin of 23.1%.

Lenovys will be the core business proposition of the project, which is entrusted to Aurelio Matrone, Group Chief Strategy Officer of Tinexta. Luciano Attolico, founder and current CEO of Lenovys, and all the top management will remain in the company.

Pier Andrea Chevallard, CEO of Tinexta S.p.A., commented:
“Strengthening the Group’s advisory skills is one of the focus areas of our strategy for the next three years. The establishment within the Group of a business line dedicated to strategic advisory, through Antexis and with the contribution of Lenovys, allows us to have a unified and privileged point of view on our customers’ strategic priorities and their operational needs, with relevant synergies with the other Business Units of the Group.”

In the acquisition of Lenovys, Tinexta was assisted by Juridicum for all legal aspects and Epyon Consulting for financial due diligence aspects, while Lenovys was assisted by Russo De Rosa e Associati.