Twist sells majority stake to Quadrivio

Twist, the privately held Italian vendor of reconditioned PCs, tablets and smartphones, has sold a majority stake to private equity rm Quadrivio, Italian-language daily Milano Finanza reported. The report cited Pietro Paparoni, the head of the Industry 4.0 fund through which Quadrivio made the buy.

The article noted that the vendors were Francesco Santucci and Maurizio Santucci, who will remain in operational control of the business.

The report said that Twist posted revenues of EUR 100m in 2022, 80% of which was generated through exports. The article added that the EBITDA margin is over 5%, with Twist aiming for revenues of EUR 200m in the next four years.