Synergo Capital

Synergo Capital is an asset manager specialized in investments in Italian startups and SMEs established and managed by entrepreneurs who wish to access financial and strategic support with the aim of sustainably increasing value by taking advantage of opportunities on international markets. Synergo Capital provides active involvement through operational experience, strategic guidance, and extensive domestic and international network. In 2020, Synergo Capital established the first Italian private equity fund, Sinergia III, focusing on the foreign direct investment of Italian SMEs in the U.S. and the first Italian venture capital fund, Sinergia Venture Fund, dedicated to innovative Italian startups and SMEs.

Past deals in Adriatic

Glickon S.p.A.

Series A in 2022
Glickon S.p.A., founded in 2014 and headquartered in Milan, Italy, specializes in a People Analytics and gamification platform designed to enhance human resource management. The company offers an online platform that engages employees and streamlines the recruitment process by utilizing gamification dynamics to filter candidates effectively. This platform enables HR professionals to listen to and engage their workforce throughout the entire employee lifecycle, from recruitment to exit. By generating valuable insights, Glickon helps organizations make data-driven decisions that improve talent acquisition and enhance overall performance, thereby contributing to increased productivity and profitability.

4Gift

Venture Round in 2021
4Gift is an innovative e-gifting platform designed for seamless integration with e-commerce sites, enabling consumers to send and receive gifts directly from product pages. The platform allows users to purchase gifts individually or collaboratively by pooling contributions from friends. Recipients can digitally unwrap their gifts before choosing their preferred size or color and have the option to select an alternative gift if desired. This B2B SaaS-based solution enhances the gifting experience by personalizing gifts based on recipients' preferences, and it is tailored for both e-commerce platforms and omnichannel experiences, facilitating real-time engagement with users.

Contents

Series A in 2021
Contents is a leading company in AI content creation for enterprises, providing an advanced platform that facilitates the generation of various content types, including text, audio, video, and animations. Its innovative Brand Voice service enables businesses to create content that aligns with their unique brand identity through AI-driven customization. The platform caters to a wide range of users, from individual bloggers to large corporations, making content creation more efficient, creative, and accessible in multiple languages for a global audience. By streamlining the content creation process, Contents helps organizations enhance their communication strategies and engage effectively with their target markets.

Toscotec

Private Equity Round in 2016
Toscotec SpA specializes in the design and manufacture of machines, systems, and components for the tissue and paperboard manufacturing industries. Founded in 1948 and headquartered in Marlia, Italy, the company provides a wide range of services including design and process engineering for complete production plants or specific sections, as well as equipment such as tissue slitter rewinders and solutions for pulp preparation. Toscotec also offers training, plant optimization, maintenance services, and spare parts to enhance operational efficiency. Its innovative technology aims to help paper producers minimize raw material usage and reduce overall production costs. As of April 2020, Toscotec operates as a subsidiary of Voith GmbH & Co. KGaA.

Kirey Group

Private Equity Round in 2016
Kirey Group specializes in supporting companies through their digital transformation by providing expertise in technology innovation and process management. The company offers a range of IT solutions tailored to the specific needs of various industries, including insurance, banking, manufacturing, retail, public administration, and oil and gas. Kirey Group delivers systems integration and consultancy services, focusing on areas such as cloud security, data management, and enterprise resource planning (ERP). Through continuous investments in research and development, Kirey Group enables its clients to enhance their business strategies and gain a competitive advantage in the market.

Raccortubi

Private Equity Round in 2015
Raccortubi S.p.A., founded in 1949 and based in Marcallo con Casone, Italy, specializes in the manufacture, stocking, and supply of piping materials essential for various critical applications, including chemical and petrochemical plants, power plants, shipyards, and offshore platforms. The company provides a diverse array of products, such as urea grade pipes, heat exchanger tubes, instrumentation tubing, and high-temperature materials. Additionally, Raccortubi offers butt weld fittings and flanges made from materials like stainless steel, duplex, super duplex, superaustenitics, and nickel alloys. With operations extending beyond Italy to locations in Brazil, Singapore, the United Arab Emirates, and the United Kingdom, Raccortubi serves a global market in the piping industry.

TMCI Padovan

Acquisition in 2014
TMCI Padovan specializes in designing, developing, and manufacturing process equipment and complete plants for the food and beverage industries. The company provides a wide range of machinery and turnkey fluid treatment systems tailored for various sectors, including wine, beer, soft drinks, sauces, and fats and oils. Their product offerings encompass essential equipment such as filtration and clarification systems, thermal exchange units, blending and mixing machinery, malt transport and milling solutions, brew houses, fermentation and maturation tanks, and aseptic filling systems. Additionally, TMCI Padovan addresses specific needs in the brewing process, including dry hop systems and yeast propagation, as well as equipment for enzyme inactivation, cutting and wrapping, and deodorization.

Building Energy

Private Equity Round in 2013
Italy-based renewable energy producer Building Energy.

The Cobra Group

Private Equity Round in 2008
Cobra Automotive Technologies offering integrated vehicle security solutions for the prevention of risks linked to vehicle usage and ownership.

Gruppo Waste Italia

Private Equity Round in 2008
Gruppo Waste Italia is a prominent private company based in Milan, Italy, specializing in environmental services for businesses. The company offers tailored waste management solutions that encompass the collection, transportation, selection, treatment, recovery, and disposal of special waste generated by industrial, commercial, and artisanal activities. Gruppo Waste Italia operates a comprehensive network of collection centers, waste sorting and treatment plants, materials recovery facilities, and biogas collection systems that generate electricity. This extensive infrastructure allows the company to provide its clients with transparent and reliable waste management services, ensuring compliance with environmental regulations and promoting sustainable practices.

Kinetika Sardegna

Private Equity Round in 2008
Kinetika Sardegna Srl is a provider of private healthcare services based in Milan, Italy. The company operates a range of facilities, including private hospitals, elderly long-term care structures, residences for the elderly, and nursing homes. Kinetika Sardegna focuses on delivering comprehensive healthcare solutions tailored to the needs of its patients, particularly the elderly population, ensuring quality care in a comfortable and supportive environment.

Valvitalia

Private Equity Round in 2007
Valvitalia is a prominent manufacturer based in Milan, Italy, specializing in the design, production, and supply of equipment and components for various industries, including petroleum, water, natural gas, petrochemical, and electrical power. The company’s core product line includes valves, actuators, pipe fittings, flanges, and systems for measuring, filtering, and regulating fluids and gases, as well as firefighting systems. Established with the goal of becoming a leading Italian entity in this sector, Valvitalia competes with major American multinationals by leveraging extensive experience and a portfolio of well-known historical brands such as ROTOR and DELTA V.E. The company prioritizes safety, environmental responsibility, and employee welfare in its operations.

V2 S.p.A.

Private Equity Round in 2007
V2 S.p.A. is a manufacturer and marketer of automation systems for gates, garage doors, rolling shutters, and awnings, serving both residential and industrial markets in Italy and internationally. Established in 1980 and headquartered in Racconigi, Italy, the company provides a range of products including solar energy systems, sliding door operators, control units, transmitters, receivers, security devices, tubular motors, and electronic solutions. V2 S.p.A. has expanded its presence with additional facilities in Barcelona, Lyon, Caxarias, Casablanca, Tunis, and Hangzhou, reflecting its commitment to delivering integrated automation solutions. The company operates as a subsidiary of Nice S.p.A. since July 2018.

Roen Est SpA

Private Equity Round in 2007
Roen Est SpA is a manufacturer based in Ronchi dei Legionari, Italy, specializing in the design and production of heat exchangers for various sectors including commercial, civil, industrial, naval, and rail applications across Europe. The company's product offerings include finned pack heat exchangers, unit coolers, remote condensers, evaporators, and water and oil coils, as well as shells and tube bundles. In addition to hardware, Roen Est SpA provides software solutions for thermodynamic calculations and equipment selection, enhancing the efficiency of applications in air conditioning, cooling, heating, cogeneration, and thermal recovery. Founded in 1983, the company also maintains an office in Slovakia, further extending its reach within the industry.

Fintyre

Private Equity Round in 2007
Fintyre is a leading distributor of replacement tires in Italy, selling over 4 million tires annually. The company operates nationwide, establishing a strong presence in the market and aiming to expand its position further. Fintyre specializes in providing a wide range of replacement tires from various brands, catering to the needs of professional stockists for all types of vehicles. Its offerings include truck and agro-industrial tires, alloy wheels, and tire pressure monitoring systems, delivered through a comprehensive sales network that ensures convenience for consumers.

AllSystem

Acquisition in 2006
AllSystem S.p.A. is an Italian company based in Verrone that specializes in the manufacture and marketing of security and surveillance systems. Founded in 1988, the company offers a range of services including detective work, guard services, and special protection for public bodies, businesses, banks, and individuals. AllSystem operates primarily within Italy, focusing on providing comprehensive security solutions tailored to various client needs.

Unopiù SpA

Acquisition in 2006
Unopiù SpA is a manufacturer and supplier of outdoor furniture and accessories based in Milan, Italy. The company specializes in a wide range of products designed for outdoor living, including sofas, armchairs, chairs, tables, coffee tables, sun loungers, deckchairs, chaise lounges, hammocks, and swing loungers. With a focus on quality and design, Unopiù aims to enhance outdoor spaces, providing customers with stylish and functional solutions for their needs.

Lediberg S.p.A.

Acquisition in 2006
Lediberg S.p.A. is an Italian company that specializes in the manufacturing, distribution, and export of paper products and leather goods aimed at the business-to-business sector. Founded in 1965 and headquartered in San Paolo d'Argon, Italy, the company offers a diverse range of products including diaries, calendars, notebooks, photo albums, recipe books, and address books. Additionally, Lediberg provides prepress, printing, and book binding services, along with promotional items and integrated services. Its products are primarily distributed to stationers and gift shops. The company has expanded its operations internationally, with production units and branches in several countries, including Brazil, Germany, Spain, France, Greece, the Netherlands, Romania, Poland, the United Arab Emirates, England, and the United States. As of 2018, Lediberg operates as a subsidiary of Johnson Cpz Distribuzione S.r.l.

Air Italy SpA

Private Equity Round in 2006
Air Italy S.p.A. provides airline services. The Company offers tourist flights that connect resorts in Egypt with Italy, France, Germany, Poland, and England. Air Italy operates charter airlines to Europe and other long haul leisure destinations.

Vending System Italia S.p.A.

Private Equity Round in 2006
Vending System Italia S.p.A. operates automatic and semiautomatic vending machines for the sale of food and cold and hot beverages.

Riri SA

Private Equity Round in 2006
Riri SA is a manufacturer specializing in zippers and buttons for the luxury fashion and accessories sector. Founded in 1936 and headquartered in Mendrisio, Switzerland, the company offers a diverse range of products including metal, symmetrical teeth, anodized aluminum teeth, water-repellent, and thermoplastic zippers, as well as nylon and classic zippers. Additionally, Riri SA produces jeans buttons, press buttons, rivets, and various accessories. The company distributes its products through a dedicated team of agents and sales representatives, with production facilities located in Padova and Tirano, Italy.

Tecnowind Spa

Private Equity Round in 2006
Tecnowind Spa manufactures furnishing hoods and ceramic hobs.

Arquati Service S.r.l.

Private Equity Round in 2006
Arquati Service S.r.l. operates in the manufacturing and distribution of awnings, blinds and curtains.

Motovario S.p.A.

Acquisition in 2006
Motovario S.p.A. is a prominent manufacturer of gear units and power transmission products for both industrial and civil applications. Established in 1965 and headquartered in Formigine, Italy, the company specializes in a range of products including worm, helical, helical bevel, and shaft-mounted gear reducers, as well as motovariators and electric motors. These products serve various sectors, such as mechanical-electromechanical, food, agriculture, transport, logistics, machine tools, energy, and pharmaceuticals. With a global presence, Motovario distributes its products through a network of dealers across Europe, North America, South America, Asia, Africa, and Oceania. The company also operates assembly centers worldwide and has an additional office in Milan, Italy. As of October 2015, Motovario S.p.A. functions as a subsidiary of TECO Electric & Machinery Co. Ltd.

Redecam Group

Acquisition in 2005
Redecam Group SpA specializes in the design, manufacture, and installation of air filtration and flue gas treatment systems, catering primarily to the industrial sector. The company provides a diverse range of products, including bag filters, electrostatic precipitators, and flue gas treatment solutions such as desulfurization and denitrification systems. Additionally, Redecam offers gas conditioning equipment and various handling systems, including conveyors and elevators. The firm focuses on delivering engineered air pollution control solutions for industries such as cement, metals and mining, power generation, and waste-to-energy. Founded in 1980 and headquartered in Sesto San Giovanni, Italy, Redecam Group operates internationally with offices in the United States, Brazil, Egypt, Russia, and India. The company also provides retrofit and transformation services, maintenance, inspection, and technical support to help clients meet their air emission reduction targets efficiently.

Teckal S.p.A.

Private Equity Round in 2005
Teckal S.p.A. manufactures, distributes, installs, and maintains heating and air conditioning systems.

CastFutura

Private Equity Round in 2005
CastFutura S.p.A. is an Italian company based in Terno D'Isola, founded in 1969. It specializes in the manufacture and distribution of components for household and heating appliances. The company's product offerings include tubular burners, stamped burners, slim burners, hob thermocouples, oven thermocouples, timers, lamp holders, roasting spits, gear motors, and spark plugs. CastFutura provides support to customers from the development stage of their products, including assistance during the homologation process. Its focus is on delivering high-quality components for the cooking and heating equipment sectors.

IPC

Private Equity Round in 2005
IPC is a manufacturer of machines and equipment for the professional cleaning sector. The company has a full offering including scrubber-dryers, professional vacuum cleaners, high pressure washers and equipment.

Bozzetto Group

Private Equity Round in 2004
Bozzetto Group specializes in manufacturing chemical specialties that cater to various industrial applications, including textiles, construction, water treatment, and agrochemistry. The company's product portfolio includes acrylic polymers, sulfonates, esterification technologies, ethoxylated compounds, amides, methylquats, glyoxalic resins, polyester resins, phosphonates, and phosphate esters. With a global distribution network and production facilities strategically located across nine countries, Bozzetto Group ensures that clients worldwide have access to high-quality and sustainable chemical solutions. The company is committed to innovation and quality, supported by modern production plants and advanced laboratories dedicated to analytical and organic synthesis.

LIVISTO

Private Equity Round in 2004
TREI Spa produces and markets veterinary products, medicated premixes, and feed additives used in the livestock industry.

Angelo Randazzo

Private Equity Round in 2004
Angelo Randazzo S.r.l. is an Italian company engaged in the optical retail sector, operating multiple stores throughout the country. The company specializes in selling a range of optical products, including glasses, contact lenses, and sunglasses. It operates under several brands, such as Optissimo, Randazzo, and Ottica Romani, catering to various customer needs in the optical market.
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