PM & Partners Private Equity has acquired Italian food producer Monviso from Alto Partners.
PM & Partners closed its second fund on €340m in 2009. The vehicle typically invests €20-50m per deal, focusing on businesses with revenues in the €50-200m range. Alto reaped a 2x gross cash return...
Double closings are first vehicles raised by fund-of-funds since 2013
Paladin also participated in the round to support the company’s US expansion
Exit is first for GP’s second fund and comes eight years after investing in PDP
Deal sees firm reap combined €96.3m in proceeds and 1.3x exit multiple