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SCOUTING CAPITAL & FAMILY ADVISORS ASSISTS SYNOV IN THE ACQUISITION OF PRIMA ELECTRO
- Synov, company backed by Sagard MidCap private equity fund, that designs and manufactures customised electronic systems for critical applications in various sectors, has acquired Prima Electro (a division of Prima Industrie, controlled by Alpha Private Equity and Peninsula Capital) from Prima Industrie, together with the Prima Electro management team.
- Synov designs and manufactures (Original Design Manufacturer – ODM) customised electronic systems for its customers’ critical applications, supporting them throughout the entire life cycle of their products in various sectors (e.g. healthcare, transport, HVAC, lifts, energy, security, defence). This acquisition represents a key milestone in Synov’s international expansion strategy. Led by its experienced and motivated management team, Prima Electro is Synov’s first foothold in Italy, a priority geographical area where the group aims to further consolidate its market position.
- Based in Moncalieri (Torino), Prima Electro designs and manufactures power and control electronic systems for various applications, with approximately 170 employees and operations in Italy and China. The company serves leading customers in diverse and resilient end markets (e.g. industrial automation, rail and transport, energy). With unique design capabilities (35 engineers) and solid expertise in power electronics, Prima Electro will strengthen Synov’s position as a reliable technology partner for embedded and mission-critical systems.
- Synov and Prima Electro will combine their advanced design capabilities to better serve their respective customers, with a shared entrepreneurial vision, and generate combined revenues in excess of €160 million.
- Scouting Capital & Family Advisors assisted Synov with buy-side M&A advisory services with a team composed of Managing Partner Giuseppe Sartorio, Associate Director Andrea Isacchi and Associate Jacopo Mazzoleni.
- Synov was assisted in the financial and tax due diligence by New Deal Advisors; as corporate and tax legal advisors, BonelliErede; and in the structuring of the transaction, Chiaravalli Reali e Associati.
- Prima Electro was assisted by Banca Akros as sell-side M&A advisor and by Chiomenti as legal advisor.
