M&A Deal Summary

One Equity Partners Acquires Kirey Group

On May 4, 2023, private equity firm One Equity Partners acquired information technology company Kirey Group from Synergo Capital SGR

Acquisition Highlights
  • This is One Equity Partners’ 24th transaction in the Information Technology sector.
  • This is One Equity Partners’ 6th transaction in Italy.

M&A Deal Summary

Date 2023-05-04
Target Kirey Group
Sector Information Technology
Buyer(s) One Equity Partners
Sellers(s) Synergo Capital SGR
Deal Type Secondary Buyout

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

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $150 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York, New York.


DEAL STATS #
Overall 121 of 131
Sector (Information Technology) 24 of 25
Type (Secondary Buyout) 18 of 21
Country (Italy) 6 of 8
Year (2023) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-20 CloudOne Digital

Lansing, Michigan, United States

CloudOne Digital offers infrastructure and cloud capabilities spanning the needs of small entrepreneurs, small and midsize businesses, developers and midmarket enterprise workloads, while providing the support online businesses need to grow and succeed. CloudOne serves customers globally offering solutions that include hosting services, managed applications, software solutions, bare metal services and e-commerce application tools. CloudOne Digital is based in Lansing, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-12 Msq Partners

London, United Kingdom

Msq Partners is an international group of creative agencies offers a broad range of marketing communications and related digital transformation and creative service offerings for consumer and B2B businesses, such as advertising, public relations, design, brand strategy, direct digital marketing and research. Msq Partners was founded in 2011 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

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 22 of 22
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 7 of 7
Country (Italy) 19 of 19
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 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.

Buy -