Gyrus Capital agrees to acquire PwC Italia’s consulting business

Gyrus Capital, an investment firm dedicated to investments in the healthcare and sustainability sectors, has agreed to acquire PwC Italia’s consulting business focused on Italian public administration and public healthcare systems.

The business, which employs 700 people is active in the public administration and public healthcare consulting sector in Italy. The need to improve efficiency across services and processes, in Italy and across Europe, is a key focus area for the public sector that will require digitalization and technology transformation, with several large projects ongoing and additional tenders for consulting services recently announced.

The business, which will be rebranded, will continue to be led by the current management team who will participate alongside Gyrus in the buyout. Gyrus intends to expand the team and product offering in Italy and abroad. The carve-out and transaction are expected to close in Q3 2021. The financial details of the transaction remain undisclosed.

The Advisors

Advisors to Gyrus included: Morri Rossetti e Associati and Pedersoli Studio Legale both acted as legal counsels,

KPMG, Studio Chiaravalli & Reali and Fineurop Soditic acted as financial and accounting advisors. Insubriass acted as insurance broker, Arthur D. Little consulted on commercial aspects of the deal.

Advisors to PwC Italia include:  PwC Deals as Financial Advisor; PwC TLS Avvocati e Commercialisti as Legal and Tax; and PwC Office of the General Counsel