M&A Deal Summary

BS Private Equity and Synergo Capital SGR Acquires IP Cleaning

On April 21, 2005, private equity firms BS Private Equity and Synergo Capital SGR acquired machinery company IP Cleaning SPA (IPC Group) for 220M EUR

Acquisition Highlights
  • This is BS Private Equity’s 2nd and Synergo Capital SGR’s 1st transaction in the Machinery sector.
  • This is BS Private Equity’s 0th and Synergo Capital SGR’s 1st largest (disclosed) transaction.
  • This is BS Private Equity’s 7th and Synergo Capital SGR’s 6th transaction in Italy.
Investment Fate
  • IP Cleaning was sold to a financial buyer in 2014.
  • IP Cleaning was sold to a publicly-traded strategic buyer in 2017 for 350M USD.

M&A Deal Summary

Date 2005-04-21
Target IP Cleaning SPA (IPC Group)
Sector Machinery
Buyer(s) BS Private Equity
Synergo Capital SGR
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 220M EUR

Target

IP Cleaning SPA (IPC Group)

Summaga, Italy
website
IP Cleaning SPA (IPC Group) is a provider of professional cleaning solutions for commercial markets. The company designs and manufactures professional cleaning machines and equipment.

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Buyer(S) 2

Buyer

BS Private Equity

Milan, Italy

website


Category Private Equity Firm
Founded 1989
SizeSmall
Type Sector Agnostic
DESCRIPTION

BS Private Equity is a private equity firm that targets management buyouts and buy-ins of Italian manufacturing and service based businesses. BS Private Equity began investing in 1989 and today looks for businesses requiring an average equity investment of €30 million. BS Private Equity was formed in 1989 and is based in Milan. BS Private Equity has been in liquidation since 2011.


DEAL STATS #
Overall 8 of 14
Sector (Machinery) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 10
Country (Italy) 7 of 13
Year (2005) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-01 TREI Industria

Modena, Italy

TREI Industria is a manufacturer and marketer of veterinary products, medicated premixes, and feed additives used in the livestock industry. The Company offers veterinary medicines and medicated food premixes to prevent and treat animal diseases, as well as premixes added to common feeds to optimize the growth of animals. TREI Industria was founded in 1968 and is based in Modena, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-23 Logic Control SL

Sabadell, Spain

Logic Control is a Spanish publisher of corporate business software and supplier of IT related services for SMEs (Small and Medium Enterprises).

Sell €82M
Buyer

Synergo Capital SGR

Milan, Italy

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 1.0B EUR
SizeLarge
Type Sector Agnostic
DESCRIPTION

Synergo SGR SpA is a private equity firm that targets mid-sized companies located in Italy. The Firm focuses on companies with good cash flow, international expansion opportunities, sustainable competitive advantages, and led by strong management teams. It typically looks to invest €20 to €50 million and will consider majority or significant minority stakes. The Firm does not pursue startups, small company investments, and turnarounds. Synergo SGR was formed in 2004 and is based in Milan.


DEAL STATS #
Overall 7 of 34
Sector (Machinery) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 24
Country (Italy) 6 of 31
Year (2005) 1 of 6
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-01 TREI Industria

Modena, Italy

TREI Industria is a manufacturer and marketer of veterinary products, medicated premixes, and feed additives used in the livestock industry. The Company offers veterinary medicines and medicated food premixes to prevent and treat animal diseases, as well as premixes added to common feeds to optimize the growth of animals. TREI Industria was founded in 1968 and is based in Modena, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 Kiian SPA

Luisago, Italy

KIIAN S.p.A. offers screen printing, digital, and special inks. The company also offers screen chemicals, textile and fashion solutions, sublimation printing solutions, industrial solutions, common vinyl inks, preprint solutions, and solvent based inks.

Buy -