LONDON: Oakley Capital Investments Ltd. said Wednesday its Origin II fund has agreed to acquire a majority stake in Join Business Management Consulting (JBMC), an Italian management and IT consultancy focused on the financial services sector.
Join Business Management Consulting, based in Siena, provides digital transformation, IT project management and data-driven services to major Italian banks, insurers and payment firms. Founded in 2013 by Giovanni Brandani and Leonardo Fenizi, JBMC has posted revenue growth exceeding 20% annually over the past five years.
Oakley Capital’s investment was sourced through its European origination network, and the firm plans to support JBMC’s expansion through capability development and strategic acquisitions in areas such as data, artificial intelligence and compliance.
“We look forward to helping JBMC take full advantage of the accelerating digitisation in Italy’s Financial Services industry,” said Oakley co-founder and Managing Partner Peter Dubens.
Oakley’s indirect contribution to the transaction via Origin II is expected to be approximately £8 million.
JBMC operates in a consulting market estimated at €5 billion, buoyed by rising demand for IT modernization in Italy. Brandani said the partnership with Oakley will help the company scale while preserving its founder-led culture.
Terms of the transaction were not disclosed. Oakley Capital is a London-based mid-market private equity firm focused on growth investments across Europe.