21 Partners to sell RGI to Ardian

June 2, 2014

21 Partners has signed an agreement to sell its stake in RGI to private equity firm Ardian.

Founded in the early 1990s, RGI is one of Italy’s leading providers of software specifically designed for the insurance sector. RGI leverages on an innovative and proprietary range of high quality products and services, together with the extensive industry experience and track record of its management team. Today, RGI’s client base counts 8 out of Italy’s top 10 insurance providers and the company is expected to generate revenues in excess of €M 60 in 2014.

Since 21’s investment in 2009, the company has achieved significant organic growth by increasing its customer base and cross selling activities, with important mid-market clients and top international insurance companies secured in the domestic market. The company has also succeeded in developing its international presence, with expansion both in Europe and North Africa.

21 Partners also supported RGI in improving operating efficiency during its holding period, by completing a process of managerialization following the transition from the founder to the current CEO, boosting sales and marketing activities, achieving excellence in internal communications and implementing a new financial reporting system. 

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