Toscotec S.p.A. attracts an investment by Synergo SGR to accelerate its growth

Toscotec S.p.A. attracts an investment by Synergo SGR to accelerate its growth

Sinergia II, a closed-end fund managed by Synergo SGR (“Synergo”), has acquired a minority stake in
Toscotec S.p.A. (“Toscotec” or the “Group”); the Mennucci family will remain as majority shareholder.

Toscotec is a world leader in the design and production of turnkey plants and machines, as well as a
first class supplier for components and services dedicated to the global paper and tissue industries.
With innovative technological process solutions and a wide products portfolio the Group has gained,
through the years, a significant position in the worldwide market. Synergo aims to support Toscotec further growth, both organically and through selective strategic addon acquisitions.

The Group, based in Lucca, Italy, has doubled the EBITDA since 2011, and recorded over €100 million
in total revenues in 2015, out of which approximately 90% generated abroad.

Alessandro Mennucci, shareholder and CEO, with an experience of more than 20 years in the industry, will continue to lead the Group. Mr. Mennucci commented: “As of today, the Group has been able to build a strong brand in terms of quality and reliability, and has become one of the leading companies in the global reference market. With this new “synergy” we will have the possibility to further enhance our organization and strengthen our business activity worldwide. We want to continue to develop high technology products and to export the Italian excellence, providing first class services to our customers”.

Paolo Zapparoli, Synergo CEO, further explained: “It is a real pleasure to partner with Toscotec and its shareholders; the undisputed technological capabilities that the Group has developed over the years offer the opportunity to further extend its leadership in its reference industry. We look forward to working closely with Alessandro Mennucci and his management team to fulfil Toscotec’s growth

Toscotec was advised by Ethica Corporate Finance (financial advisor), Mazzoni, Regoli, Cariello e Pagni (legal advisor), and Studio Lazzarini. Synergo was advised by Lombardi Molinari Segni (legal advisor), PwC (financial due diligence), Poyry (business and market due diligence), and Ciro Cornelli, name partner of Cornelli Gabelli e Associati (tax advisor).

About Synergo SGR
Synergo SGR is a private equity firm. Fully owned by its Senior Partners, Synergo specializes in partnering with ambitious entrepreneurs and managers in order to increase the value of their companies by providing financial resources and managerial guidance.

In the picture: Alessandro Mennucci, shareholder and CEO of Toscotec S.p.A.

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