Team of Private Equity professionals acquired a minority stake in Step

Fineurop Soditic acted as exclusive financial adviser to the shareholders and managers of Step, Mr. Fabrizio Crespi Morbio, Gregorio Cicogna Mozzoni and Paolo Faina in the sale of a minority stake to a pool of family offices and private investors,through the newco Jupiter.

Founded in 1854, Step is a leading e-procurement and digital transformation services company in Italy with a strong focus on the banking industry. It provides supply chain management and value added services to manage complex processes of supply, logistics (shipment, installations, maintenance and disposal), cost management and dematerialization.

Step distributes its products and services in ca. 28,000 retail points (branches, agencies, promoters, shops, dealers) on a daily basis with over 600,000 shipments a year. Step, which holds 80% of the banking sector's e-procurement market, reached a turnover of €60 million in 2017.

The deal was promoted by a team of Private Equity professionals: Stefano Miccinelli, Renato Peroni, Marco Forasassi Torresani, Cristiano Portas and Stefano Trentino.

 

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