ITALY - Sinergia and Parà announce acquisition of Arquati

The fund Sinergia con Imprenditori, managed by private equity firm Synergo Sgr, and industrial player Parà have jointly acquired 100% of Arquati, a group specialised in picture frame moulding, wood drapery poles and tracks for the window covering industry. The transaction is pending approval from the Ministry of Industry. After the completion of the deal, Sinergia and Parà will pay EUR 8m for 80% and 20% stakes, respectively.