Bain Capital has acquired Italian digital identification software company Namirial in a deal that values the business at over €1 billion and expands the firm’s portfolio of European tech companies.
The deal—first reported by Bloomberg—will provide an exit for Milan-based PE firm Ambienta, which acquired a 70% stake in the company in 2020.
Namirial and similar companies are set to benefit from a new EU regulation—called eIDAS 2.0—that seeks standardize digital identification across the bloc.
Bain Capital said the investment fits within its broader focus on scaling European tech companies. Its other significant investments include Finova, a UK-based mortgage software company, which it acquired in March last year, and Benify, a Swedish business productivity software, which it acquired February.
The acquisition comes amid a broader trend of growing PE interest in Italy. In 2024, Italy stood out as the fastest-growing among the region’s biggest markets.
According to PitchBook data, Italy saw a record €61 billion transacted across 557 deals in 2024, more than doubling 2023’s total investment. The country has now overtaken the Netherlands to become the fourth-biggest PE market in Europe in terms of total investment.
Featured image by anyaberkut/Getty Images/iStockphoto
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