Kirey Group continues its growth with the support of One Equity Partners, a middle-market private equity firm. Their ultimate aim is to create a new European-wide offering in the IT services sector.
One Equity Partners' plans to form a new pan-European leader in IT services with Kirey Group are also reflected in the acquisition of Synergyc, which occurred at the same time as the entry of One Equity Partners into Kirey Group. The IT provider based in Bulgaria is renowned in the region for its leadership skills in consulting, IT infrastructure, and financial services.
"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 digitalization of business processes,” says Joerg Zirener, Senior Managing Director, One Equity Partners.
“In full alignment with our original combined DNA, we embrace One Equity Partners' project to create a new European Digital Hub. The acquisition of Synergyc and the entry of One Equity Partners give a new impetus to our development, providing new resources and competencies to consolidate our positioning and our clients with continued added value, both inside and outside the Italian market”, says Vittorio Lusvarghi, CEO of Kirey Group. “One Equity Partners is the ideal investment alliance for an ever-evolving business such as Kirey Group. Partnering with OEP and thanks to the integration of Synergyc’s offer, we are confident that we will provide sophisticated services in cutting-edge areas and target companies across all sectors searching for technology to refine their business models and improve their customers' experiences."
One Equity Partners is a middle-market private equity firm focused on the industrial, healthcare and technology industries in North America and Europe. The firm strives to build market-leading companies through the identification and execution of transformative business combinations. One Equity Partners is a trusted partner with a diversified investment process, a large and experienced team and a proven track record of creating long-term value for its partners. Since 2001, the company has completed more than 300 transactions globally. OEP, founded in 2001, exited JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam.