M&A Deal Summary

Synergo Capital SGR Acquires Kirey Group

On January 1, 2016, private equity firm Synergo Capital SGR acquired information technology company Kirey Group

Acquisition Highlights
  • This is Synergo Capital SGR’s 1st transaction in the Information Technology sector.
  • This is Synergo Capital SGR’s 31st transaction in Italy.
Investment Fate
  • Kirey Group was sold to a consortium of financial buyers in 2023.

M&A Deal Summary

Date 2016-01-01
Target Kirey Group
Sector Information Technology
Buyer(s) Synergo Capital SGR
Deal Type Buyout (LBO, MBO, MBI)

Target

Kirey Group

Milan, Italy
Kirey Group provides IT services for the insurance industry and is the long-term partner of Tech Mahindra in Italy. Kirey Group was founded in 2009 and is based in Milan, Italy.

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Buyer(S) 1

Buyer

Synergo Capital SGR

Milan, Italy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.0B EUR
Size Large
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 34 of 34
Sector: Information Technology M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 24 of 24
Country: Italy M&A 31 of 31
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 Motovario

Formigine, Italy

Motovario S.p.A. is a manufacturer of power transmission products, for civil and industrial applications (gearboxes, speed variators and electric motors). Motovario operates two factories based near Modena (Formigine and Fiorano Modenese) and holds foreign subsidiaries in eight countries, among which the USA, France and the United Kingdom. The company reported 2009 revenues of €70 million, approximately 61% of which abroad. It employs 560 people.

Sell €187M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-04 Kirey Group

Milan, Italy

Kirey Group provides IT services for the insurance industry and is the long-term partner of Tech Mahindra in Italy. Kirey Group was founded in 2009 and is based in Milan, Italy.

Sell -