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...
New combined entity will generate revenues in excess of €300m
Investment marks the fourth round of funding for the UK-based tyre replacement business
Deal marks the fund’s second transaction executed on a stand-alone basis
Backers include existing investors Capnamic Ventures and Iris Capital, as well as business angels