EQUITA assisted Raccortubi Group

K Finance - Mid-market M&A advisory
Raccortubi   Synergo
Raccortubi Group

The Italy-based group Raccortubi S.p.A. sold a minority stake to the Italian private equity fund Synergo SGR in order to finance its growth and expansion stategy.

K Finance, member of Clairfield International, acted as financial advisor to Raccortubi.

Raccortubi, with sales of about Euro 50 million, is active in the production and distribution of piping materials used in critical applications mainly in the oil&gas industry. Raccortubi produces different type of butt weld fittings through its Italian subsidiary Tecninox and distributes a wide range of products in Italy and abroad. In 2013 Raccortubi opened three subsidiaries with warehouse in Dubai, Singapore and Brazil.

Synergo is a private equity firm managing five closed-end funds counting total assets under management of about Euro 1 billion.
With its entrepreneurial approach, Synergo invests in companies supporting investment plans, international expansions and acquisitions.

The transaction in a nutshell

2014 12 Tombstone Raccortubi Synergo

Synergo initially acquires 25% of Raccortubi by underwriting part of the capital increase approved by the company for a total of EUR 25 million

Client:
Raccortubi Group
Date:
December 2014
Mandate:
Raccortubi Group sold a minority stake to Synergo
Role:
Financial Advisor
Value:
Undisclosed
Typology:
M&A advisory
Advisor:
EQUITA Mid Cap Advisory

The company

Raccortubi, founded in 1949 in Milan by Piergiorgio Pentericci, is today controlled by his son, Luca Pentericci. The Raccortubi Group is active in Italy and around the world through its companies that produce and distribute piping materials in special steels for the petrochemical industry.