F2A is a leading Italian provider of HR and finance/administration services: it provides value added services in the personnel and accounting areas, to Italian and multinational blue-chip customers.
The group was created through the integration of FIS, a supplier of accounting and administration activities and Antex, active in the delivery of HR services.
The Group’s expertise lies in managing critical “non-core” corporate processes, improving client’s efficiency in terms of profitability improvements and reducing IT expenditure. The Group has a modular and integrated offering and is able to tailor specific service packages to client needs.
We backed the incumbent management team in the complex carve-out of the HR/FA business from a larger conglomerate with heavy intricacies related to intercompany financials.
We have structured the investment using only equity without recourse to acquisition financing, overcoming the banking credit crunch of 2012-2013 while leaving maximum flexibility for new business initiatives.
During our partnership with management, the newly created company was rebranded as “F2A”. The company then embarked on a wide range of new initiatives to foster top line growth, addition of new services and the development of an international platform through strategic alliances with international providers.
Despite very difficult economic conditions in Italy during that period, F2A has grown in top line and margins, also focusing also on international scenes. We are particularly proud to have supported the excellent work of the management in quantitative growth and qualitative evolution.