{"id":1428,"date":"2023-01-27T16:20:00","date_gmt":"2023-01-27T15:20:00","guid":{"rendered":"https:\/\/www.progressiosgr.it\/progressio-sgr-mette-a-segno-la-terza-exit-del-fondo-di-private-equity-progressio-investimenti-iii\/"},"modified":"2025-12-02T12:40:02","modified_gmt":"2025-12-02T11:40:02","slug":"progressio-sgr-completes-third-exit-for-the-fund-progressio-investimenti-iii","status":"publish","type":"post","link":"https:\/\/www.progressiosgr.it\/en\/news\/progressio-sgr-completes-third-exit-for-the-fund-progressio-investimenti-iii\/","title":{"rendered":"Progressio SGR completes third exit for the fund Progressio Investimenti III"},"content":{"rendered":"\n<section data-block-name=\"im-text-on-bg\" class=\"im-text-on-bg ow-hidden margin bg-common \">\n    <div class=\"im-text-on-bg__container basic-container container no-padding\">\n        <div class=\"im-text-on-bg__text-wrap flex flex-column container-grid-el text-left\">\n\n            \n                        <div class=\"im-text-on-bg__quote-wrap\">\n                <p>Milan, January 27th, 2023 \u2013 Progressio SGR (\u201cProgressio\u201d), on behalf of its fund Progressio Investimenti III has reached a binding agreement with Ardian Expansion Fund V, managed by Ardian France S.A. (\u201cArdian\u201d) &#8211; one of the leading private equity firms worldwide &#8211; to sell its stake in Assist Digital S.p.A. (the \u201cCompany\u201d or \u201cAssist Digital\u201d), a leading customer experience services provider.<\/p>\n            <\/div>\n            \n                        <div class=\"im-text-on-bg__p flex flex-column-m\">\n                                <div class=\"col-text common-text-editor-style \">\n                    <p>Assist Digital represents the third exit in the last 15 months for the private equity fund <em>Progressio<\/em> <em>Investimenti III<\/em>, after divestment of Interni (November 2021) and Save The Duck (April 2022).<\/p>\n<p>&nbsp;<\/p>\n<p>Progressio acquired a minority stake in Assist Digital back in December 2020 through the holding <strong>Wide Open S.r.l.<\/strong>, in which co-invested also BNL BNP Paribas, with their first direct private equity investment realized on the Italian market.<\/p>\n<p>&nbsp;<\/p>\n<p>According to the agreement, subject to customary antitrust and golden power procedures, Ardian will acquire roughly 60% of Assist Digital alongside the management team of the Company which will reinvest a significant stake together with the new shareholder, keeping a 40% stake and guaranteeing business continuity. Also BNP Paribas BNL Equity will reinvest in Assist Digital together with Ardian.<\/p>\n<p>&nbsp;<\/p>\n<p>Progressio supported Assist Digital in the execution of an ambitious development plan, also through acquisitions realized in Germany and The Netherlands after a deep scouting activity. Such development plan resulted in the achievement of outstanding results, in just two years, with Assist Digital growing from sales of ca. Euro 90 million reported in 2019 to over <strong>Euro 165 million achieved in 2022.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Under the leadership of Executive Chairman Enrico Donati, CEO Francesca Gabrielli and General Manager Franco Fradiani, Assist Digital fully achieved and exceeded the goals set at the time of the investment. The Company has become a pan-European market leader serving over 100 blue-chip clients, including well-known brands such as ENI, Stellantis, Toyota, Luxottica, Vodafone and DAZN. Assist Digital\u2019s unique offering and integrated business model has enabled the company to compete on a global scale by offering a suite of innovative and customer-centric end-to-end technology solutions and services. With over 600 consultants, UX\/UI designers and engineers across 20 offices, competence centers and contact centers in Europe, Assist is a digital CRM service provider focused on CRM transformation and digital interactions, blending human and Artificial Intelligence to match consumer and brand needs.<\/p>\n<p>&nbsp;<\/p>\n<p>Progressio\u2019s deal team include Filippo Gaggini, Angelo Piero La Runa, Massimo Dan and Giovanni Pesce.<\/p>\n<p>&nbsp;<\/p>\n<p>Fulvio Egidi and Luca Giordano were involved for BNL BNP Paribas, while BNP Paribas BNL Equity Investments team included Lorenzo Langella, Vienda Giacomelli and Francesco Placanica.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Massimo Dan, Partner in Progressio<\/strong>, said: <em>\u201cWe are proud to have supported Assist Digital\u2019s management team on an important development path which was a perfect mix of organic growth and acquisitions in several European countries. We are convinced that there are preconditions to reach ambitious goals in the near future, which will lead to the further strengthening of Assist Digital\u2019s leadership position on a European scale\u201d.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Enrico Donati, Executive Chairman of Assist Digital,<\/strong> said: <em>\u201cDuring the partnership with Progressio, the management team had a chance to achieve incredible results, accelerating on a major international development plan. We strongly believe that the Company can play an increasingly important role on the European market and, together with Progressio, we have identified the right partner to further strengthen our business, adapting to the challenges of a dynamic market and keeping up the growth path of the group\u201d.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>Assist Digital\u2019s shareholders and the Company were assisted by Giovannelli e Associati (Alessandra Pieretti and Marta Cubisino) as legal advisors, by Deloitte (Luca Zesi and Mario Arnone) for support in the financial due diligence, by Russo De Rosa Associati (Leo De Rosa, Federica Paiella and Marco Zani) for tax matters.<\/p>\n<p>&nbsp;<\/p>\n<p>Wide Open S.r.l. was assisted by Bonelli Erede (Eliana Catalano, Marco Bitetto and Nicoletta Botta) for legal aspects and contracts negotiation.<\/p>\n<p>&nbsp;<\/p>\n<div id=\"content\" class=\"site-content\">\n<div class=\"grid-system white-block img-p-block news-content-block\">\n<div class=\"max-layout\">\n<div class=\"grid-system content-grid\">\n<div class=\"column d8 ml12 p-column\">\n<div class=\"paragraph-text\">\n<p>BNP Paribas BNL Equity Investments was assisted by law firm Gianni &amp; Origoni (Stefano Bucci and Aldo Turella).<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n                <\/div>\n                                            <\/div>\n            \n                        <div class=\"im-text-on-bg__cta-wrap\">\n                <a href=\"https:\/\/www.progressiosgr.it\/wp-content\/uploads\/2025\/12\/PROGRESSIO_2023.01.27_Press-Release_Assist-Digital-ENG.pdf\" title=\"Press release\" target=\"_blank\" class=\"im-text-on-bg__cta btn-base\">Press release<\/a>\n            <\/div>\n                    <\/div>\n    <\/div>\n<\/section>\n\n\n    <section class=\"custom-quote ow-hidden bg-dark no-margin \">\n        <div class=\"custom-quote__container basic-container small-container padding\">\n            <div class=\"custom-quote__wrapper container-grid-el text-center\">\n                                <blockquote class=\"custom-quote__quote quote\">&#8220;Signed binding agreement for the sale of its stake in Assist Digital.&#8221;<\/blockquote>\n                                                             \n            <\/div>\n        <\/div>\n    <\/section>\n","protected":false},"excerpt":{"rendered":"<p>Signed binding agreement for the sale of its stake in Assist Digital<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-1428","post","type-post","status-publish","format-standard","hentry","category-press"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Progressio SGR completes third exit for the fund Progressio Investimenti III | Progressio SGR<\/title>\n<meta name=\"description\" content=\"Read \u201cProgressio SGR completes third exit for the fund Progressio Investimenti III\u201d and stay up to date on the latest developments at Progressio SGR\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.progressiosgr.it\/en\/news\/progressio-sgr-completes-third-exit-for-the-fund-progressio-investimenti-iii\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Progressio SGR completes third exit for the fund Progressio Investimenti III | Progressio SGR\" \/>\n<meta property=\"og:description\" content=\"Read \u201cProgressio SGR completes third exit for the fund Progressio Investimenti III\u201d and stay up to date on the latest developments at Progressio SGR\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.progressiosgr.it\/en\/news\/progressio-sgr-completes-third-exit-for-the-fund-progressio-investimenti-iii\/\" \/>\n<meta property=\"og:site_name\" content=\"Progressio SGR\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-27T15:20:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-02T11:40:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/storage1523.cdn-immedia.net\/wp-content\/uploads\/2026\/01\/og-progressio-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"progressiosgr-it\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"progressiosgr-it\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Progressio SGR completes third exit for the fund Progressio Investimenti III | Progressio SGR","description":"Read \u201cProgressio SGR completes third exit for the fund Progressio Investimenti III\u201d and stay up to date on the latest developments at Progressio SGR","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.progressiosgr.it\/en\/news\/progressio-sgr-completes-third-exit-for-the-fund-progressio-investimenti-iii\/","og_locale":"en_US","og_type":"article","og_title":"Progressio SGR completes third exit for the fund Progressio Investimenti III | Progressio SGR","og_description":"Read \u201cProgressio SGR completes third exit for the fund Progressio Investimenti III\u201d and stay up to date on the latest developments at Progressio SGR","og_url":"https:\/\/www.progressiosgr.it\/en\/news\/progressio-sgr-completes-third-exit-for-the-fund-progressio-investimenti-iii\/","og_site_name":"Progressio SGR","article_published_time":"2023-01-27T15:20:00+00:00","article_modified_time":"2025-12-02T11:40:02+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/storage1523.cdn-immedia.net\/wp-content\/uploads\/2026\/01\/og-progressio-1.jpg","type":"image\/jpeg"}],"author":"progressiosgr-it","twitter_card":"summary_large_image","twitter_misc":{"Written by":"progressiosgr-it"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.progressiosgr.it\/en\/news\/progressio-sgr-completes-third-exit-for-the-fund-progressio-investimenti-iii\/#article","isPartOf":{"@id":"https:\/\/www.progressiosgr.it\/en\/news\/progressio-sgr-completes-third-exit-for-the-fund-progressio-investimenti-iii\/"},"author":{"name":"progressiosgr-it","@id":"https:\/\/www.progressiosgr.it\/en\/#\/schema\/person\/c9cfb4b51bab05890296dd82aef6a19d"},"headline":"Progressio SGR completes third exit for the fund Progressio Investimenti III","datePublished":"2023-01-27T15:20:00+00:00","dateModified":"2025-12-02T11:40:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.progressiosgr.it\/en\/news\/progressio-sgr-completes-third-exit-for-the-fund-progressio-investimenti-iii\/"},"wordCount":11,"articleSection":["Press"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.progressiosgr.it\/en\/news\/progressio-sgr-completes-third-exit-for-the-fund-progressio-investimenti-iii\/","url":"https:\/\/www.progressiosgr.it\/en\/news\/progressio-sgr-completes-third-exit-for-the-fund-progressio-investimenti-iii\/","name":"Progressio SGR completes third exit for the fund Progressio Investimenti III | Progressio SGR","isPartOf":{"@id":"https:\/\/www.progressiosgr.it\/en\/#website"},"datePublished":"2023-01-27T15:20:00+00:00","dateModified":"2025-12-02T11:40:02+00:00","author":{"@id":"https:\/\/www.progressiosgr.it\/en\/#\/schema\/person\/c9cfb4b51bab05890296dd82aef6a19d"},"description":"Read \u201cProgressio SGR completes third exit for the fund Progressio Investimenti III\u201d and stay up to date on the latest developments at Progressio SGR","breadcrumb":{"@id":"https:\/\/www.progressiosgr.it\/en\/news\/progressio-sgr-completes-third-exit-for-the-fund-progressio-investimenti-iii\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.progressiosgr.it\/en\/news\/progressio-sgr-completes-third-exit-for-the-fund-progressio-investimenti-iii\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.progressiosgr.it\/en\/news\/progressio-sgr-completes-third-exit-for-the-fund-progressio-investimenti-iii\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.progressiosgr.it\/en\/"},{"@type":"ListItem","position":2,"name":"Progressio SGR completes third exit for the fund Progressio Investimenti III"}]},{"@type":"WebSite","@id":"https:\/\/www.progressiosgr.it\/en\/#website","url":"https:\/\/www.progressiosgr.it\/en\/","name":"Progressio SGR","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.progressiosgr.it\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.progressiosgr.it\/en\/#\/schema\/person\/c9cfb4b51bab05890296dd82aef6a19d","name":"progressiosgr-it","sameAs":["https:\/\/www.progressiosgr.it"],"url":"https:\/\/www.progressiosgr.it\/en\/news\/author\/progressiosgr-it\/"}]}},"_links":{"self":[{"href":"https:\/\/www.progressiosgr.it\/en\/wp-json\/wp\/v2\/posts\/1428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.progressiosgr.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.progressiosgr.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.progressiosgr.it\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.progressiosgr.it\/en\/wp-json\/wp\/v2\/comments?post=1428"}],"version-history":[{"count":1,"href":"https:\/\/www.progressiosgr.it\/en\/wp-json\/wp\/v2\/posts\/1428\/revisions"}],"predecessor-version":[{"id":1432,"href":"https:\/\/www.progressiosgr.it\/en\/wp-json\/wp\/v2\/posts\/1428\/revisions\/1432"}],"wp:attachment":[{"href":"https:\/\/www.progressiosgr.it\/en\/wp-json\/wp\/v2\/media?parent=1428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.progressiosgr.it\/en\/wp-json\/wp\/v2\/categories?post=1428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.progressiosgr.it\/en\/wp-json\/wp\/v2\/tags?post=1428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}