Reiff Reifen has filed for insolvency, according to a filing with Frankfurt's district court of 11 February 2020, marking the third insolvency filing of a Germany-based company in Bain's European Fintyre Distribution Group.
GP invested in the clamping tool manufacturer as part of a succession plan for the company
Sale ends an eight-year holding period for EV Private Equity, which bought a 56% stake in the company
Praetura is currently investing from its EIS 2020 Fund, which closed on £7m in February 2020
Cube3 is intended to help Italian investors gain exposure to international investments strategies