CVC’s Maticmind Tries to Calm Bondholders as Founder Probed

Maticmind SpA said all its published financial information is “complete and correct” as it sought to reassure investors after a fraud probe into the software firm’s founder sent its bonds sliding.

Prosecutors in Rome are investigating claims that Carmine Saladino, who led Maticmind for 20 years, committed fraud in order to win an earn-out from CVC Capital Partners and Italy state-lender Cassa Depositi e Prestiti after their takeover of the company. Prosecutors accused Saladino of faking an invoice to boost revenues and earnings, according to documents seen by Bloomberg.