Tinexta soars on the Milan Stock Exchange. New rumors about a sale to private equity funds.

(Il Sole 24 Ore Radiocor) - Tinexta is gaining momentum on the Milan stock exchange. According to press reports, the Nextalia/Advent consortium is in negotiations for control of the company , which operates in digital transformation and cybersecurity solutions. Specifically, Corriere della Sera reports, the two interested parties have secured exclusive rights in the negotiations for the transfer of control from the Chambers of Commerce, beating out the Apax, CVC, and EQT funds.

The exclusivity would last 30 days, after which Nextalia and Advent must submit a binding offer. If accepted, this would likely be followed by a takeover bid by Tinexta . Equita analysts emphasize that "we're talking about a valuation of €700 million , or almost 15p. Implied valuation multiples would be 2025-26, an adjusted P/E of between 13 and 11 times, and an adjusted EV/EBITDA ratio of between 8 and 7 times. This news supports the stock's speculative appeal."

Intermonte experts emphasize that "the Corriere article follows rumors reported by Il Sole 24 Ore on June 24, when Advent and Apax were mentioned as funds interested in the dossier. A valuation of €700 million, assuming equity, would imply a share price of approximately €14.80, approximately 23% above the previous day's closing price, but still below our target price of €16.40. In our view, these rumors further confirm the appeal of this type of asset to funds , even more evident following Ambienta's sale of Namirial to Bain Capital."