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Private Equity
synergosgr.it

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Investments

7

Portfolio Exits

2

Funds

3

About Synergo

Synergo is a private equity firm. The firm targets equity investments of €20 to €50 million, in companies led by experienced entrepreneurs or managers who look for financial and strategic assistance to further grow their businesses.

Synergo Headquarter Location

Via Campo Lodigiano, 3

Milan, 20122,

Italy

+39 02 859111

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Synergo News

Italy’s angels&incubators and venture capital weekly roundup. News from Neva, Synergo, Tinexta, Talent Garden, ToothPic and more

Jan 27, 2021

Italy’s angels&incubators and venture capital weekly roundup. News from Neva, Synergo, Tinexta, Talent Garden, ToothPic and more As BeBeez reported in February 2020, Neva Finventures, the former fintech corporate fund of Intesa SanPaolo, completed its transformation in the asset management company Neva sgr and is ready to invest in the sectors of cybersecurity, cloud computing, AI, 5G, and blockchain (see here a  previous post by BeBeez ). Luca Remmert and Mario Costantini are the company’s chairman and ceo and in August 2020 set a fundraising target for its first fund at 250 million euros by the end of this year, while banking foundations Compagnia di San Paolo, Cariparo, Carifirenze, and Carilucca already poured 50 millions and Intesa SanPaolo committed 100 millions. Synergo Capital raised 30 million euros for Sinergia Venture Fund (SVF) ahead of a target of 150 million (see here a  previous post by BeBeez ). SVF attracted the resources of well-known entrepreneurs and managers Urbano Cairo, Stefano Simontacchi, Marco Casiraghi, Giuseppe Falco, Pasquale Forte, and Salvatore Vicari. SVF will invest in pre-series A and series A rounds of startups and scaleups. CoMark, partof Tinexta’s (fka Tecnoinvestimenti) Innovation & Marketing Service unit, invested 8.75 million euros for acquiring 60% of digital agency Queryo Advance from founder and ceo Roberto Pala (see here a  previous post by BeBeez ). CoMark may pay a further earn out of up to 1.2 million, depending on the performance for 2021. The parties signed put & call agreements on the ground of changeable multiples on the ground of effective results. This agreement is currently worth 6.9 million. Queryo was born in 2014 and has sales in the region of 4.8 million and an ebitda of 2.5 million. Italian coworking and digital training platform Talent Garden raised 9.2 million euros from Cdp Venture Capital and Gama, the family office of Gaetano Marzotto (See here a  previous post by BeBeez ). The company will invest these proceeds in opening new campuses in the Southern Italian regions of Campania, Sicily and Apulia and recovering from the coronavirus-related turmoil. ToothPic, a cybersecurity firm born out of a spin-off of Turin Polytechnic University which supported the company through its incubator I3P, raised 810k euros from Vertis sgr and Club degli Investitori (see here a  previous post by BeBeez ). A team of academics in the telco fields o founded ToothPic in 2016. MIEEG (Micro Electric Energy Generator), an Italian startup that projected a miniature electric generator, raised more than 700k euros through an equity crowdfunding campaign on Milan-listed CrowdFundMe (see here a  previous post by BeBeez ). MIEEG will close its campaing in March 2021 for which set a target of 0.55 – 1.7 million on the ground of a pre-money value of 13.3 million. MIEEG will invest the raised proceeds in launching its product by in 2Q22 or 3Q22. The company may invest part of the resources in international joint ventures ahead of the launch of an ipo in the mid-term. By the end of 2026, the company aims to generate an ebitda of 17.75 million for an enterprise value of above 177 million. Brots, a startup for emerging musicians, aims to raise 500k euros through an equity crowdfunding campaign on Doorway (see here a  previous post by BeBeez ). In December 2020, Brots received the support of media and entairtainment accelerator Immediate, RS productions, Rolling Stone Italia, and H-Farm. Alessandro Marin and Lorenc Miri founded the company in 2019. Sources said to BeBeez that the company will invest the raised proceeds in its proprietary technology in view of generating revenues of 150k euros  in 2021. The company raised 0.12 million in February 2020. Iren Ambiente, the subsidiary of Milan-listed utility Iren, invested in the equity and a in a convertible bond of ReMat, a startup that recycles polyurethane (see here a  previous post by BeBeez ). Iren carried on such an investment through its corporate venture capital programme IrenUp. ReMat was born in 2018. Genuino Blockchain Technologies, a provider of blockchain-based services for anticounterfeiting, attracted undisclosed resources from Cdp Venture Capital (see here a  previous post by BeBeez ). Eleonora Mulas (ceo) and Gabriele Bernasconi (cmo) founded Genuino in 2019. In 2020, the company signed a strategic alliance with Italian football team Fiorentina Calcio for protecting the club’s merchandising items from illegal reproduction. The company will invest such proceeds in expanding its supply of services and products. Italian B2B innovation platform Gellify integrated the management consultancy unit of Innext, a strategic advisory firm (see here a  previous post by BeBeez ). In October 2020, the companies signed a partnership. After such an integration, Innext’s directors Stefano Tommasi and Francesco Ferri will head Gellify for Companies as Managing Partners. Innext consultancy unit has sales of 2 million euros. Retail Hub, a business accelerator, launched its second investment round on the ground of a pre-money value of 6.5 million euros ahead of a closing by April 2021 (See here a  previous post by BeBeez ). The company aims to invest the proceeds of this round in its European expansion. Massimo Volpe, Antonio Ragusa and Paolo Intermite founded Retail Hub in April 2020. Italian design producer iotty launched a new fundraising round after having attracted  3 million euros from Friulia and Intesa Sanpaolo in October 2020 (see here a  previous post by BeBeez ). Edoardo Cesari (ceo) and Alberto Bacchin founded iotty in 2017. The company has sales of 1.1 million euros, an ebitda of minus 0.136 million and a net financial debt of 0.755 million. Italian fintech Two Hundred signed a partnership with Deloitte’s Officine Innovazione for supporting the innovation project of Italian SMEs (see here a  previous post by BeBeez ). The companies that aim to launch an equity crowdfunding campaign on 200Crowd will receive the support of Officine Innovazione through business consultancy services. During the coronavirus emergency, Italian banks increased their supply of open banking and digital services for SMEs, said BCG global commercial banking client survey (see here a  previous post by BeBeez ). In the long term, banks must create an ecosystem for improving their current prodcuts and services, said Stefano Valvano, Managing Director and Partner of BCG. Sia, the provider of payments infrastructures of which Cdp Equity owns a controllong stake, signed a partnership with finleap connect, the open banking platform of the eponymous European ecosystem (see here a  previous post by BeBeez ). Sia and finleap connect will integrate their proprietary PSD2-compliant solutions. Sia is one of the companies that  BeBeez Private Data  monitors. Find out here how to subscribe to the  Combo Version  that includes the reports and the insight views of  BeBeez News Premium 12 months  for 110 euros per month. Mastercard signed a partnership with Fabrick, the open banking platform of Banca Sella, and Doconomy, a Swedish provider of technology solutions aimed at improving the environmental impact (see here a  previous post by BeBeez ). Nathalie Green, Johan Pihl, Jacob Odquist, and Fredrik Lagerträd founded Doconomy in 2018. Bank of Åland and Mastercard invested in the company. This partnership will allow Italian banks to monitor the environmental impact of the transactions of each client. Earlier in January, Onde Alte, an Italian benefit company for social innovation born in 2018, launched the accelerator Nazarè (see here a  previous post by BeBeez ). Nazaré will provide a six months acceleration period for startups that can have a positive social and environmental impact and that may receive in-kind services and seed capital for 20,000 euros ahead of a Demo Day, a pitch and networking session with investors, sector companies and stakeholders. The startups could also receive a 6 months hands-on contribution worth 80k euros.

Synergo Investments

7 Investments

Synergo has made 7 investments. Their latest investment was in Building Energy Group as part of their Private Equity - II on July 7, 2017.

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Synergo Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/12/2017

Private Equity - II

Building Energy Group

$80M

Yes

1

12/31/2014

Growth Equity

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$99M

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10

8/7/2008

Growth Equity

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$99M

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10

1/26/2007

Growth Equity

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$99M

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10

2/15/2006

Growth Equity

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$99M

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10

Date

7/12/2017

12/31/2014

8/7/2008

1/26/2007

2/15/2006

Round

Private Equity - II

Growth Equity

Growth Equity

Growth Equity

Growth Equity

Company

Building Energy Group

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Amount

$80M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

Synergo Portfolio Exits

2 Portfolio Exits

Synergo has 2 portfolio exits. Their latest portfolio exit was Building Energy Group on August 28, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/28/2020

Acquired

$991

Novis Renewables Holdings

1

00/00/0000

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10

Date

8/28/2020

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

Novis Renewables Holdings

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Sources

1

10

Synergo Acquisitions

5 Acquisitions

Synergo acquired 5 companies. Their latest acquisition was TMCI Padovan on September 29, 2014.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/29/2014

Leveraged Buyout

1

12/12/2008

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$99M

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10

12/31/2006

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$99M

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10

12/29/2006

Leveraged Buyout

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$99M

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10

12/29/2005

Leveraged Buyout

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$99M

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10

Date

9/29/2014

12/12/2008

12/31/2006

12/29/2006

12/29/2005

Investment Stage

Leveraged Buyout

Leveraged Buyout

Companies

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Valuation

Total Funding

$99M

$99M

$99M

$99M

Note

Leveraged Buyout

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Sources

1

10

10

10

10

Synergo Fund History

3 Fund Histories

Synergo has 3 funds, including Sinergia II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/15/2011

Sinergia II

Buyouts & Acquisitions

$482.09M

1

12/31/2005

Sinergia con Imprenditori

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$99M

10

Synergo Baykam Turkish Fund

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$99M

10

Closing Date

3/15/2011

12/31/2005

Fund

Sinergia II

Sinergia con Imprenditori

Synergo Baykam Turkish Fund

Fund Type

Buyouts & Acquisitions

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Status

Amount

$482.09M

$99M

$99M

Sources

1

10

10

Synergo Team

5 Team Members

Synergo has 5 team members, including current Chief Executive Officer, Paolo Zapparoli.

Name

Work History

Title

Status

Paolo Zapparoli

Chief Executive Officer

Current

Filippo Cuneo

Investment Partner

Current

Gianfilippo Cuneo

Senior Partner

Current

Tito Costa

Investment Partner

Former

Michele Ferrario

Investment Partner

Former

Name

Paolo Zapparoli

Filippo Cuneo

Gianfilippo Cuneo

Tito Costa

Michele Ferrario

Work History

Title

Chief Executive Officer

Investment Partner

Senior Partner

Investment Partner

Investment Partner

Status

Current

Current

Current

Former

Former

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