CRIF, a leading Italian provider of information services and credit management solutions, has invested in M&GF Project, a developer of commercial credit management software.
CRIF has invested in M&GF Project through the acquisition of a minority stake in its share capital from the company’s founding shareholders. M&GF Project is a company specializing in the development of software for commercial credit management, operating in a high-tech niche market. CRIF is one of the leading companies in Italy active in information services, credit management solutions and economic and financial information at the international level.
The transaction allows M&GF Project to consolidate its commercial partnership with CRIF by accepting a direct investment in its share capital, with the aim of supporting the development of its software platform, the expansion of its reference market and the strengthening of the commercial collaboration between the parties in the credit management sector.
The founding shareholders were assisted by Deloitte Legal, for all M&A, corporate and employment law aspects under Italian law, with a team led by Partner Carlotta Robbiano and made up of Manager Alessandro Vecchio and Junior Associate Alessia Strongone. For labor law aspects, Deloitte Legal acted with a specialized team led by Partner Stefano Miniati and made up of Director Marco Marzani and Senior Associate Federica Bernasconi.
CRIF was assisted by its in-house legal team led by General Counsel Marco Berti.
About CRIF
Established in 1988 in Bologna (Italy), CRIF has a global presence, operating over four continents (Europe, America, Africa and Asia).
Today, CRIF is the leader in Italy for retail credit management and lending support solutions and, thanks to the expertise acquired over more than 30 years of activity in highly competitive markets, it is the leading group in continental Europe in the banking information sector and one of the main operators on an international level for integrated business and commercial information and credit and marketing management services.
For more information, visit https://www.crif.com.
About M&GF Project
M&GF Project is an Italian software house specializing in commercial credit management. Founded in 1998, the company operates in a high-tech niche, managing around €37 billion in credit for over 130 clients. The corporate headquarters is located at Via Magellano, 6, Concorezzo, Italy.
Source: leadersleague.com
