Premium Equity Partners has sold its antenna technology company Antennentechnik ABB Bad Blankenburg (ATBB) to Chinese trade buyer Desay SV Automotive.
New firm will target lower-mid-market enterprise and financial technology businesses in Europe
Previous round for France-based fintech startup PayFit was a €14m series-B in 2017
ECM will use equity from its German Equity Partners V fund, which closed on €325m in June 2018
GP invests from its €2bn fund Investindustrial VI, which targets European mid-market companies