Italian mid-cap private equity house Alcedo has backed the tertiary buyout of industrial machinery manufacturer Duplomatic Oleodinamica from venture capital investor Progressio for €27m.
Venture capital firm acquires the business from Munich-based PE and VC house Mic
GP is currently investing from its second fund, which writes equity cheques of €20-70m
Mentha sells the Dutch business to Clayton Dubilier & Rice portfolio company BrandSafway
Deal for automated carwash business brings to an end a three-year holding period for the GP