Artificial Intelligence PE Fund invests in Pipeline, ONE4 and MDM Consulting

The new Quadrivio Group fund completes its first operation and enters the systems integration and AI-driven digital solutions world. With Microsoft as technology partner, it aims to create a €100-million-turnover player in the next three years 


Quadrivio Group has made its first investment through its Artificial Intelligence PE Fund just three months on from completing its first closing. The acquisitions: Pipeline, One4 and MDM ‒ three Italian firms leading in systems integration and AI-driven digital solutions.

The deal stands as the initial phase in a strategic aggregation project with the goal of building a European champion in digitalization for SMEs, by combining organic growth with targeted acquisitions. These first three acquisitions mark the tangible beginning of a platform integrated with the Microsoft ecosystem and capable of delivering vertical, scalable and inter-operable solutions for digital transformation in the mid-corporate segment.

The three companies have a combined turnover of about €25 million, with profitability exceeding 15% ‒ before operating synergies are accounted for. The acquired enterprises are currently market leaders in Italy but have good potential for expansion on the main European markets, particularly in Spain, Germany and Switzerland. The goal is to create ‒ also through an M&A strategy ‒ a group reaching a turnover of more than €100 million within three years.

Artificial Intelligence PE Fund is a Quadrivio Group private equity vehicle investing in SMEs that are active in the B2B segment and that operate in high-tech sectors, and in companies that adopt and develop solutions, products and operating systems for AI. The fund also invests in key verticals such as robotics, advanced electronics, and ICT and high-tech infrastructure ‒ segments where AI stands as a core factor in development and competitive positioning. Technology partner to the initiative is Microsoft, the world leader in the AI field, also thanks to the partnership signed with OpenAI in 2023.

Artificial Intelligence PE Fund invests in dynamic enterprise, favouring projects with great potential for growth, also through the grouping together of complementary SMEs. International expansion stands to the forefront among the drivers of development, and this factor is essential for underpinning portfolio companies' competitive positioning, also at national and European levels.

Alessandro Binello, Group CEO of Quadrivio Group, commented: "The Pipeline, One4 and MDM Consulting acquisitions mark a first step in creating a key sector player in systems integration and AI-driven digital solutions. We firmly believe in this project and we are applying our M&A strategy to work on creating a group leading in its sector. We aim to generate revenues exceeding €100 million over the next three years. This first deal is in keeping with the mission of the fund, which invests in high-tech SMEs specialized in AI to turn them into national and European leaders.”

Fabio Boschi, Managing Partner at Artificial Intelligence PE Fund, added: “We are proud to announce our investment in a strategic platform that combines systems integration, data analytics and artificial intelligence at the heart of the Microsoft ecosystem. The project merges the competences of three enterprises of excellence (Pipeline, One4 and MDM), giving rise to a conglomerate-based initiative with great multiple potential. It is a decisive step towards the emergence of a leading operator in digital transformation for the mid-corporate segment.”

Artificial Intelligence PE Fund was assisted by: Deloitte Financial Advisory for financial & business due diligence; Grimaldi Alliance for legal & labour due diligence and all contractual aspects; GPBL for tax due diligence and taxation matters; T8P Consulting & Cerved for ESG due diligence.