Synergo commits €20m to TMCI Padovan

The firm's CEO, Osman Sagmanli, retains a minority stake in the business and will continue to lead the company.

The GP intends to support the company's growth through both organic development and acquisitions. Synergo will focus its growth plans on the far east, Middle East, Russia, former Soviet countries and South America.

Company
Founded in 1919 and based in Treviso, TMCI Padovan engineers and manufactures machinery for the food and beverage industry. The business provides machinery for the wine, beer, soft drinks, tomato sauce, fats and oils industries.

Almost 90% of its turnover is generated outside Italy.

People
Paolo Zapparoli is CEO of Synergo.

Advisers
Equity – Emintad (Corporate finance); Legance (Legal); PwC (Financial due diligence); Value Partners (Commercial due diligence).
Company – Pirola Pennuto Zei (Legal).

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• Topics
• Southern Europe
• Industrials
• Expansion
• Italy
• PricewaterhouseCoopers
• Synergo