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Announced

One Equity Partners completed the acquisition of Kirey Group and Synergyc.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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it systems integration

Majority

Bulgaria

IT Services: Other

it solutions

Friendly

Private Equity

Single Bidder

Acquisition

Private

Italy

Completed

Cross Border

Synopsis

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One Equity Partners, a private equity firm, completed the acquisition of Kirey Group, an Italian IT systems integrator, and Synergyc, a Bulgarian IT services solutions provider. Financial terms were not disclosed. “We are happy to partner with Kirey Group to support the Company in their ambition to become a leading Italian and European digital transformation expert. The simultaneous combination of Kirey Group with Synergyc creates a new player of scale in the market that is primed to benefit from robust growth within European IT services, a rapidly growing market driven by the adoption of various technologies supporting remote working and the continued digitization of business processes,” Joerg Zirener, One Equity Partners Senior Managing Director.

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