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.
Latest funding round with Target Partners brings the company's total funding to $27m
GP to buy the Spanish electro-medicine manufacturer Indiba from Minerva for around €60m
Rubicon provided fresh capital to support the acquisition of the automotive fluids business
No management changes are planned, and the firm will be run by the executive team