Limonta Informatica was sold to Textile Solutions Group (TSG), a portfolio company of Elvaston.

With the acquisition of Limonta Informatica, TSG expands and strengthens its customer base and market share in Italy through synergies in the product portfolio.

The sellers of Limonta Informatica will remain invested as minority shareholders and Matteo Viganò, son of one of the founders, will continue to manage Limonta Informatica as CEO.

The shareholders of Limonta Informatica were assisted by the Mid Cap Advisory team of EQUITA, a partner Italian partner of Clairfield International, which acted as financial advisor and by Alpeggiani Avvocati Associati as legal advisor.

TSG was assisted by the law firm Ughi e Nunziante for the legal and contractual aspects and by Grant Thornton for the accounting and tax aspects.

Limonta Informatica is the leading provider of ERP software for small and medium-sized enterprises in the textile industry in Italy. Based in Lecco, near Milan, the company has 26 employees. Limonta Informatica's core product is the ERP suite "Lisa", supports customers in managing and optimizing production processes throughout the entire textile value chain. The offer is complemented by additional modules for warehouse management, quality control and product information management.

TSG is a pioneer in the automation and digitization of the textile industry. Its solutions enable the sector to meet increasing demands from end customers and regulatory requirements while producing sustainably, transparently, and economically. Already part of the TSG group are the companies Datatex a leading provider of ERP solutions for the textile and apparel industry and SETEX a global leader in the development of control systems and manufacturing execution system (MES) software for textile machinery. Together, SETEX and Datatex aim to integrate their products into a complete end-to-end solution for textile manufacturers, creating added value for their customers.

Elvaston Capital Management is a private equity firm based in Berlin, Germany. It focuses on buyout investments in technology companies primarily based in the DACH region in the areas of software and cloud, business services, and IT services.