Wachstumsfonds Mittelstand Sachsen (WMS) has backed the management buy-in of fruit and vegetable wholesale business FruchtExpress, backing the company alongside incoming managing director Holger Schmitz.
German footwear company is reportedly valued at around €4bn and drew interest from several PE buyers
Funding will help the studios expand their development pipelines and accelerate global growth
Vendors reportedly sought a valuation of between €800m-1bn for the company
P101 deploys capital from its Programma 102 and Italia 500 vehicles for the deal