F2A

Fineurop Soditic acted as exclusive financial adviser to Ardian in the acquisition of F2A from Argos Soditic and the F2A management team which will invest a minority stake alongside Ardian. F2A is a leading Italian player in the HR and administration services. It provides outsourced services in the personnel administration and accounting areas to Italian and multinational blue chip customers. The F2A Group was created in 2006 through the integration of FIS (established in 1962 as a supplier of accounting and administration outsourced activities) and Antex (also founded in 1962, and active in the delivery of HR services). The product offering includes HR services such as time and attendance records, processing and control of payroll, support in tax filing, HR management, expenses reporting and definition of HR budgeting. F2A Group generated 2015 sales of Euro 50 million, it has approximately 1,500 customers and employs around 650 professionals in its 8 offices in Italy. Ardian will support F2A in its expansion strategy by strengthening the current sales coverage in Italy to find new potential customers, and by helping the Group to explore build-up opportunities to consolidate the market, which is currently extremely fragmented.