Gianfilippo Cuneo's firm Synergo Sgr has recently agreed to invest an undisclosed amount of capital in return for a 40% stake in troubled low-cost airline Air Italy. The consideration has not been disclosed. The growth plan will see the expansion of the long-haul flights with the addition of flights to Mexico, Egypt, USA and other European destinations, as well as the purchase of new aircrafts.
This is the first divestment made by Nazca IV, a €275m vehicle raised by the GP in 2016
With the latest acquisition, IT Relation will add cybersecurity as its fourth business area, alongside cloud services, business consultancy and professional services
Industrial energy efficiency equipment producer sold its Poland-based operations in April 2020
Horizon bought a majority stake in Timico in 2016 via a deal valuing the company at more than £50m