M&A Deal Summary

Synergo Capital SGR and BlueGem Capital Partners Acquire EfTD

On March 1, 2007, private equity firms Synergo Capital SGR and BlueGem Capital Partners acquired automotive company EfTD

Acquisition Highlights
  • This is Synergo Capital SGR’s 1st and BlueGem Capital Partners’ 1st transaction in the Automotive sector.
  • This is Synergo Capital SGR’s 22nd and BlueGem Capital Partners’ 1st transaction in Italy.
Investment Fate
  • EfTD was sold to a financial buyer in 2017.

M&A Deal Summary

Date 2007-03-01
Target EfTD
Sector Automotive
Buyer(s) Synergo Capital SGR
BlueGem Capital Partners
Deal Type Consolidation

Target

EfTD

Seriate, Italy
EfTD is a distributor of replacement tires in Europe and covers a comprehensive range of vehicles. The company operates across the wholesale and retail value chain through warehouses and retail outlets across Europe. EfTD is based in Seriate, Italy.

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Buyer(S) 2

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 24 of 34
Sector: Automotive M&A 1 of 2
Type: Consolidation M&A Deals 1 of 1
Country: Italy M&A 22 of 31
Year: 2007 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-10 V2

Racconigi, Italy

V2 is a provider in the manufacturing and distribution of integrated systems for the automation of gates and garage doors, and automation solutions for awnings, curtains, and rolling shutters. V2 was founded in 1985 and is based in Racconigi, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-28 Angelo Randazzo

Palermo, Italy

Angelo Randazzo S.p.A., headquartered in Palermo, is one of the Italian leader in the eyewear and multimedia retailing. The company sells optical products (spectacles, sunglasses, contact lens, complementary products) and multimedia products (cameras, video cameras, digital cameras, printing accessories and other devices) with more than 100 shops throughout Italy under the brands Optissimo, Randazzo and Ottica Romani.

Sell -
Buyer

BlueGem Capital Partners

London, United Kingdom

Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.0B EUR
Size Large
Type Sector Focused
DESCRIPTION

BlueGem Capital Partners LLP is an independent private equity firm that invests in mid-market European businesses in Europe, primarily those based in the UK and Italy. The Firm looks to invest €30 – €60 million per transaction. Specific areas of interest include retail, consumer goods/brands, wholesale distribution, and business services. Types of transactions include growth capital financings, MBOs, MBIs, and replacement capital. BlueGem Capital Partners LLP was spin-off of Merrill Lynch Global Private Equity. BlueGem Capital Partners LLP was formed in 2006 and is based in London.


DEAL STATS #
Overall 1 of 26
Sector: Automotive M&A 1 of 1
Type: Consolidation M&A Deals 1 of 1
Country: Italy M&A 1 of 5
Year: 2007 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-08 Olicar

Sede Legale Bra, Italy

Olicar provides integrated solutions to public institutions and private clients enabling cost savings while increasing environmental compliance and efficiency. Olicar was formed in 1954 and is based in Sede Legale Bra, Italy.

Buy -