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Milan, 04 July 2013 – GFT Technologies AG today has executed a sale and purchase agreement via its subsidiary GFT Holding Italy S.r.l. regarding the acquisition of an 80-percent stake in Sempla S.r.l., based in Italy. Selling shareholders are MPVenture, on behalf of the closed end fund MPVenture 2, and other private investors. The remaining 20 percent of shares continues to be held by Sempla’s management and can be acquired by GFT via options after a five-year period. The purchase price is to be paid from liquid funds. The parties have agreed not to disclose the purchase price of the transaction.

Sempla is one of Italy’s leading IT consultancies, that specializes in IT solutions for commercial and private banking clients. Its offering comprises IT Services, Business Solutions and Digital Marketing & Design. With 460 employees at ten sites in Italy, the company generated revenues of over EUR 44 million in 2012 – 70 per cent thereof with financial sector customers. In its financial year 2012, earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 6.17 million with earnings before taxes (EBT) of EUR 4.08 million.

MPVenture invested in Sempla in 2008 to support the development of the company through acquisitions and organic growth, whose first step was the acquisition of Datel Group in 2008. The combined entity was able to strenghten business relationships with the leading Italian financial institutions and increase its market share. The achievement of  investment's strategic targets allowed MPVenture to realize a cash multiple above 2x.

"The performance delivered by Sempla has been realized thanks to a reliable industrial plan and high quality management team, both key drivers for our investment decision five years ago" declared Marco Canale, general manager and head of investments of MPVenture.

Allen & Overy, Chiomenti, Gianni Origoni Grippo Cappelli & Partners and Gambino Repetto & Partners acted as legal advisors. Folco Goggioli led the transaction for MPVenture investment team.

MPVenture SGR (www.mpventure.it) is a leading private equity investor in the Italian mid market. The closed end funds under management have original commitments of around euro 400million and have completed 41 investments and 27 divestments. From the beginning of its activities, the focus of MPVenture investment approach is on companies with reliable growth strategies and high value creation potential. In 2012, portfolio companies generated an aggregate total consolidated turnover of €2.2 billion.