i-RFK and Abbrevia Accelerate Growth with Cheope Acquisition

Innovative RFK (i-RFK), an industrial holding company and, since October 2023, majority shareholder of the Trentino-based business information company Abbrevia SpA (Abbrevia), with a team composed of the top management of i-RFK and Abbrevia, is pursuing the growth strategy announced at the time of the investment, also through targeted acquisitions.

Between 2019 and 2022, i-RFK had raised a total of more than 8 million in three rounds of equity crowdfunding on the Crowdfundme, Opstart and Mamacrowd platforms.

The acquisition of Cheope Risk Management by i-RFK

Abbrevia has in fact announced the acquisition of 100% of the capital of Cheope Risk Management Srl ( Cheope ), a Lodi-based company with over 35 years of experience in business information and business intelligence.

In the same context of the operation, the selling partners of Cheope have reinvested in the share capital of Abbrevia with a minority stake, thus consolidating the skills at group level.

The strong knowledge developed over the years has allowed Cheope to develop dynamic solutions for regulatory compliance, corporate credit and anti-money laundering, integrating technology, data analysis and human intelligence.

Thanks to this innovative approach, Cheope boasts important collaborations with medium and large-sized companies, operating mainly in the industrial, insurance, financial, gaming and services sectors.

The objectives of the i-RFK operation: to provide innovative services thanks to new synergies

The i-RFK operation is part of an ambitious growth path of i-RFK that aims to create operational synergies and greater benefits for customers through a complete offer of Marketing & Sales, Business Information and Data Intelligence services, capable of following the needs of companies throughout the entire life cycle of their customers.

By pooling skills developed over the years in collateral areas, the acquisition will allow the two entities to strengthen and work, in a synergic way, on shared objectives in continuity with what has been achieved previously. For this reason, the corporate structures will not change and the management has been confirmed.

“We are extremely pleased to announce this operation that allows us to integrate specialized skills in business information, business intelligence and risk management. Cheope brings with it consolidated know-how and highly qualified people with whom we share a vision and approach to innovation,” commented Antonello Carlucci, President of Abbrevia SpA and CEO of i–RFK .

“The entry into the Abbrevia group represents an important turning point for the growth and consolidation of Cheope. It occurs at a key moment in the evolution of the markets, which today require ever more energy and innovation,” declared Maurizio Lori, CEO of Cheope Risk Management Srl.

The bank and the advisors of the operation

The transaction was financed by Volksbank SpA, which acted as agent bank and initial financing bank, with a team led by Matteo Costa, Head of Corporate & Structured Finance.

Abbrevia was assisted by the EY team, composed of partner Antonio delle Femine and senior Cristian De Simone, as advisor for the aspects of assistance to the accounting due diligence.

The legal aspects of the operation, including legal due diligence and contractual matters, were handled by Grimaldi Alliance , with a team led by Equity Partner Annalisa Pescatori, supported by Dr. Luciano Vassallo and, for the legal aspects of the acquisition financing operation, by a team led by Partner Angelo Alfonso Speranza, with the collaboration of Mario Emanuele Panu and Paola Sepe.

Cheope was assisted by Studio Gatti Pavesi Bianchi Ludovici , with a team led by Prof. Avv. Luigi Arturo Bianchi and Avv. Gianludovico Maggi for the legal aspects, and by Studio Lori e Associati for the financial aspects.

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(Featured image by Mufid Majnun via Unsplash)

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