The Italy-based group Raccortubi S.p.A. sold a minority stake to the Italian private equity fund Synergo SGR in order to finance its growth and expansion stategy.

K Finance, member of Clairfield International, acted as financial advisor to Raccortubi.

Raccortubi, with sales of about Euro 50 million, is active in the production and distribution of piping materials used in critical applications mainly in the oil&gas industry. Raccortubi produces different type of butt weld fittings through its Italian subsidiary Tecninox and distributes a wide range of products in Italy and abroad. In 2013 Raccortubi opened three subsidiaries with warehouse in Dubai, Singapore and Brazil.

Synergo is a private equity firm managing five closed-end funds counting total assets under management of about Euro 1 billion.
With its entrepreneurial approach, Synergo invests in companies supporting investment plans, international expansions and acquisitions.