IBF SERVIZI, NEXTALIA PRIVATE EQUITY portfolio company, announces the acquisition of ABACO from IDEA TASTE OF ITALY, strengthening its leadership in the agritech sector abacogroup2022 20 November 2023

IBF SERVIZI, NEXTALIA PRIVATE EQUITY portfolio company, announces the acquisition of ABACO from IDEA TASTE OF ITALY, strengthening its leadership in the agritech sector

Milan – Jolanda di Savoia, X November 2023. IBF Servizi S.p.A. (“IBF”), a company in the portfolio of the “Nextalia Private Equity” fund managed by Nextalia SGR (“Nextalia”), and part-owned by BF Agricola s.r.l. Società Agricola (part of the group headed by B.F. S.p.A. (“BF”), a company listed on Euronext Milan), has finalised the closing of the acquisition of Abaco S.p.A. (“Abaco”), a European leader in software solutions for the management and control of land resources, from the fund “Idea Taste of Italy”, managed by DeA Capital Alternative Funds SGR and founders.

With this acquisition, IBF strengthens its leading role in the Agritech sector in Italy and Europe, in line with its business plan, and lays the foundations for further growth internationally. The transaction takes place less than a year after the acquisition of IBF by Nextalia and the start of the strategic partnership with BF in the reference sector.

Abaco offers proprietary technological solutions to Public Administration, farmers and large companies in the Food sector to encourage the adoption of precision farming practices, to support the management of agricultural policies and to enhance the value of supply chain data by guaranteeing the traceability of production, positioning itself in the Agritech sector in a distinctive and complementary way with respect to IBF. With offices in Italy and the U.K., and activities in several countries around the world, Abaco has been able to anticipate the needs of an evolving market., This has cemented Abaco as a trusted partner to the most important industry players and governments at an international level, by supporting them in the challenges of innovation, sustainable development, traceability, and productivity.

Abaco will continue to be led by the current management team and CEO Antonio Samaritani, in coordination with IBF CEO Roberto Mancini.

Alberto Vigo, Senior Partner of Nextalia SGR, commented: “We are proud to support the creation of a leading European group in the Agritech sector by leveraging a solid and excellent Italian backbone. The transaction will allow IBF, under the leadership of the group’s CEO Roberto Mancini, to strengthen its role as a reference operator in supporting innovation in the Italian agri-food chain, promoting sustainable agriculture through the use of the most modern technologies.”

Filippo Amidei, Managing Director of DeA Capital Alternative Funds SGR, said: “We are proud to have been part of Abaco’s growth journey. Thanks to the commitment of the management team and its employees, the company has more than doubled turnover and EBITDA since 2020 and is now well positioned to meet the challenges of the next phase of growth thanks to the most advanced and comprehensive software platform in the industry.”


As part of the transaction, IBF was assisted by Intesa Sanpaolo, Cassiopea, Mediobanca and Rabobank as financial advisors, Orrick Herrington & Sutcliffe as legal advisor, RCCD as financing legal advisor, CIL Management Consultants for business due diligence, and Ernst & Young for financial & tax due diligence.
Abaco was assisted by GP Bullhound as financial advisor, McKinsey & Company for business due diligence, Ernst & Young for financial & tax due diligence, Marsh for insurance aspects, Portolano Cavallo and Gianni & Origoni for legal aspects.