Synergo private equity fund off from Air Italy
Synergo, managed by Gianfilippo Cuneo, after 4 years have left Air Italy. The 40% of stahares in the hands has been purchased by Giuseppe Gentile, currently the Chairman & CEO and Alessandro Notari . Air Italy was created in 2005 by Cpt. Giuseppe Gentile and Alessandro Notari. The decision leave open any way of future cooperation with Synergo. This financial operation was conducted with legal support of Gianbenso Borgognoni Vimercati, famous attorney. Rumors reports in 11 million € the price paid for obtaining back the 40% of shares in the hands of Synergo and bought 4 years ago spending 5 million €. .Unicredit bank has supplied the money for that operation, securing the current assets of some companies that owns Air Italy like Pathfinder Corporation, Marchin
Investments and Zain Holding, now with in the hands the100% of Air Italy
Holding and than Air Italy. FY2009 for Air Italy has seen 192,9 millioni € of incomes, -10% above 2008, the ebitda of 12,8 million, the ebit at 6,9 million and losses for 1,9
million €..