- Origination: Charme won the transaction by becoming management’s preferred buyer in a competitive process, by demonstrating its track record of supporting ambitious growth plans
- Strategic investor base: support received from Charme’s unique investor base allowed the team to identify and deliver the business’ full growth potential
- Hands-on approach: an extremely hands-on investment approach supported the company to grow internationally, strengthen management, drive profit and develop strong intellectual property
- Thoughtful exit: an efficient and thoroughly planned exit process allowed identification of the most suitable trade acquirer and value maximization at exit
Octo Telematics (“Octo”) is the global leading provider of cutting–edge telematic services to insurance companies, large rental/fleet management companies, car makers, public entities and aftermarket end-users. Founded in 2002, Octo is headquartered both in Rome and London and operates today through offices in 7 countries (Italy, UK, France, Spain, Germany, USA and Brazil). The company has a current portfolio of more than 3.8 million active contracts, with a database of over 100 billion recorded driven miles and 400,000 analyzed crashes.
Its platform is based on unique software, analytics, Big Data capabilities and an extensive database. Octo uses its technology to provide customers with Usage Based Insurance services, real time crash assistance, claim management software, fleet management information, vehicle diagnostics and stolen vehicle recovery service.