Telepass: Mundys and Partners Group stop the sale
Mundys and Partners Group decided to retain their shares after receiving non-binding offers
After evaluating the non-binding offers that came on the table for 100 per cent of Telepass, and despite the participatory market response, Mundys confirmed to Partners Group - which concurred with the decision - that it would maintain its stake in the company within its portfolio, in light of the company's recent very positive results.
In particular, what convinced the infrastructure group led by Andrea Mangoni to retain the asset was the recent financial performance that exceeded budget expectations, showing strong and sustained growth.
Because of this, the shareholders decided to continue along the internal development path initiated with the recent change of CEO in 2024, which saw the company go from an ebitda of €180 million in 2024 to an expected level of over €300 million in 2026.
