Italian mid-cap buyout house Alcedo has purchased a 55% stake in cosmetics and nutritional supplements manufacturer Nahrin Swiss Care via its fourth fund, Alcedo IV.
As part of the deal, the founders and existing shareholders Elvio Lonardi and Stelvio Andreis will retain the remaining 45% stake in the business. The deal marks the second acquisition for the GP's 2015-vintage...
IPO sees Prime Ventures and Macquarie among vendors of existing shares worth a total of €153m
Business, founded in 2014, is currently at proof-of-concept stage for its product
Deal marks the GP's second divestment to an international trade buyer since the Brexit vote
Advent will merge the business with portfolio company Oberthur Technologies to form a €2.8bn group