Xtel S.r.l.

Fineurop Soditic assisted the shareholders of Xtel in the sale of a majority stake in the Company to private equity fund Cape Natixis. The transaction took place through a leveraged management buy out, which saw the two founders reinvest with a 30% stake. Xtel, headquartered in Bologna, is an Italian leading company involved in the Customer Relationship Management (CRM) activity, which consists in managing relationships among manufacturers and their customers, including collecting, storing and analyzing customer information. The Company, which employs around 50 people, is specialised in creating CRM software systems for mass retailers and it can count among its clients leading companies such as Coca Cola, Unilever, Plasmon-Heinz and Parmalat. Founded in 1991, Xtel registered 2007 sales of Euro 7 million (+20% on 2006 sales) with an Ebitda margin of over 40%. Xtel will be provided with new financing to help it grow, also through add on acquisitions in Italy and abroad with complementary software products.