Lumi Global

Our role

Our Direct Lending team is pleased to have provided senior debt facilities to support our existing client, Lumi Global with their acquisition of ID Technology S.R.L. ("Eligo"). This complementary acquisition strengthens Lumi's market position and diversifies their geographical footprint by further extending the Group’s reach into Southern Europe.

We are delighted to continue supporting Lumi Global and Vespa Capital on this important milestone transaction.

About Lumi Global Ltd

Lumi Global Ltd is a market leader in the provision of software and secure real-time audience engagement technology to facilitate Annual General Meetings (“AGMs”), Investor Relations, elections and member meetings for corporates, professional bodies, associations and public institutions.

About Eligo

Eligo, founded in 2005 in Milan, is Italy’s market leader in secure online elections, having run over 55,000 elections for more than 45,000 customers and reached over 20 million voters in 20 years.

The web-based platform supports both asynchronous and live voting, with live voting enabled through conferencing tools including Microsoft Teams. It is mobile-friendly and GDPR compliant. In FY24, Eligo served 620 private-sector clients and has a proven track record in local Italian public-sector elections.

About Vespa Capital

Vespa Capital is a UK mid-market private equity firm focusing on investments in the UK lower mid-market, with enterprise values of £10-70m and EBITDA of £2-5m. Vespa is invested from Vespa Capital III, a £150m fund that closed in February 2020 and had £91m dry powder as of December 2023.