Recruitment firm Openjobmetis has acquired 50.66% of the share capital of Lyve for €1.1 million, with the right to acquire 49.34% of the remaining capital in Q1 2024, Staffing Industry Analysts has reported.
Lyve is an educational company that mainly operates in the insurance and financial services sector offering consulting and training projects for companies’ human resources and sales networks.
Openjobmetis managing director Rosario Rasizza said: “The Openjobmetis Group has acquired the majority stake in Lyve having identified it as an ideal add-on company in the area of training, a sector already led by subsidiary HCSrl.
“The unique characteristics of Lyve and its in-depth expertise in financial and insurance training will strengthen further the positioning of Openjobmetis in the sector. The methodologies for delivering training through digital platforms are particularly useful in this context since they eliminate the need to travel and make direct contact with other people.”
Maddalena Porta, chairwoman of Lyve, added: “For a young and innovative company such as Lyve, the partnership with Openjobmetis enables the activation of large business projects thus widening the market and the supply of expertise and services.
“We want to offer an academy that is open, especially in this period of time characterised by flexible and remote work, and can support companies in the areas of innovation and change management.”
Openjobmetis was assisted by Studio Luisetti & Sterchele for due diligence. Lyve was assisted by Campa Avvocati – Primelex for the legal aspects of the operation and Studio Giaffreda for due diligence.
Date published: 17 November 2020