Synerco is a leading provider of integrated corporate facility management services and it operates mainly in Sweden. In 2006 Synerco had net sales of EUR 76 million and the company employs some 1,200 people in total.
CapMan funds invested in the company in 2003 when they acquired the Swedish holding company Serco Sverige AB, which later formed Synerco AB, from the UK public service company Serco Group. The transaction is expected to be finalised by the end of May. CapMan funds’ stake in Synerco was approximately 86% prior to the exit. CapMan Plc is a substantial investor in CapMan Equity VII fund, which has invested in Synerco.
”Synerco’s annual growth has developed better than market average during CapMan’s investment period. As an independent company, Synerco has successfully built a diversified customer base and established a clear and specialised position in the market. We are pleased that Synerco will transfer to the ownership of Addici. The size and broad range of services of the two companies will form a significant player in the Service Management market,” says CapMan Partner Göran Barsby.
The investment in Synerco has been good for investors in the funds managed by CapMan.
Handelsbanken Capital Markets acted as financial adviser to CapMan.
For further information, please contact:
Göran Barsby, Partner, CapMan Buyout, tel. +46 8 545 854 79 or +46 734 40 84 87