RGI Group announces the agreement for the entry of a new shareholder in RGI Group: Ardian

Ardian, one of the main independent Private Equity French fund, has entered in the Company taking over all the shares from “21 Investimenti” that entered in 2009.

With this operation, Ardian will own about 72% of the Group, the founder and President in-office, Paolo Benini, will maintain shares of 20% of the Company and 8% will be owned by the top management, including the CEO Vito Rocca.

RGI Group, that reached about 50 mln € in 2013 – 90% in Italy, has about 630 employees, and in 2014 it foresees to increase its staff to support the development plan both in Italy and abroad. The insurance market is evolving toward high-tech IT solutions aimed to make Insurers’ operations more efficient and more effective, both on front-end and back-end services.
During the last months, RGI Group met many different international private equity funds and the attention that the “RGI Project” reaped represents the level of appreciation for all the hard work that has been done up to now and that will be done also globally, thanks to Ardian support.

Paolo Benini, founder of RGI Group, declared that: “The entry of a high-level international partner, such as Ardian, offers a further acceleration to the international development already started by the Group”. Vito Rocca, RGI Group CEO, stated: “We wanted an international financial partner to share the “Global Company” project that is in our strategic plan and we think that Ardian has all the right characteristics to run this project together. For 2014 we foresee a growth of about 10% compared with 2013, with a huge increase of our presence on the non-domestic markets”

Dominique Gaillard, Ardian Managing Partner, commented: “The ICT is a market potentially rich of opportunities and we believe that RGI is a key society that can keep growing also outside of Italy. Thanks to our long-term investment, RGI will rely on a further steadiness to reach the international success. We strongly trust the management and we are sure that the founder Paolo Benini and the CEO Vito Rocca will share this common growth path”