Italian private equity firm Synergo SGR has held a first close of its second fund, Sinergia II, the firm said. The fund was launched in mid-2010 with a target of 350 million euro ($486 million). The exact amount of money raised to date was not released. Investors include pension funds, insurance companies and financial institutions, the Milan-based firm said. Synergo has roughly 450 million euro under management across its first and second fund.
Synergo SGR (“Synergo”), a leading Italian private equity firm, has reached a successful first closing on its second fund, Sinergia II. The fund was launched in mid-2010 with a target of €350 million. Sinergia II is structured as an Italian closed-end fund.
Investors in Sinergia II are European institutional investors such as pension funds, insurance and financial institutions.
Synergo, through Sinergia II, will help Italian entrepreneurs at world-leading companies operating in niche industries to realize their full potential, maximizing shareholder value by providing capital, strategic and managerial advice, and hands-on financial and operational expertise.
This continues Synergo’s successful strategy of creating “synergistic” partnerships with
experienced and ambitious Italian entrepreneurs to invest in growing and profitable mid-
market companies. Consistent with this approach, Synergo seeks to make control-type
investments, with well-defined downside protection and divestment strategies.
Synergo manages the private equity funds Sinergia I and Sinergia II, and has in excess of
€450 million in assets under management, raised from leading European and American
institutional investors. To date, Synergo has invested in a portfolio of 13 companies, mostly in partnership with successful Italian entrepreneurs. Synergo’s investment philosophy is to assist Italian entrepreneurs and managers with financial resources and strategic/operational value-added to achieve substantial increase in shareholder value.