21 Invest is pleased to announce its forthcoming investment in Assicom, Italy’s #1 provider of B2B credit collection services and leading player for business information. Assicom was founded in the early 1990s and provides tailor made B2B credit collection services for the recovery of trade debts both in Italy and abroad, in addition to business information services, enabling its customers to evaluate the good-standing and solvency risk of clients and counterparties. The company employs around 195 full time employees, in addition to a network of 77 sales agents and 450 lawyers, and has enjoyed double digit growth over the last four years. Today, Assicom has over 8,000 corporate clients across all economic sectors throughout Italy.
21 Invest represented the ideal partner for the company’s founder who was looking for a like-minded entrepreneurial team to provide support in pursuing further expansion. The founder, who has demonstrated strong commitment to the project, is to retain a significant stake in the company and is fully aligned with 21 in terms of value creation and exit strategies.
In a market context of solid growth, expected to continue in the coming years, the founder and 21 Invest will focus on driving expansion of the current customer base, mostly through an effective build-up strategy, which will not only create synergies and thus provide for improved operational efficiency, but will also allow for a more comprehensive product range and strong cross-selling potential. The support of 21 will also be valuable in pursuing geographic expansion in selected European markets, with potential acquisitions abroad already under investigation. The success of Assicom’s story so far has created the solid foundations that, with the support of 21 Invest, form the basis for compelling growth going forward.
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