Retail-focused turnaround player Alteri Investors has acquired Versandhaus Walz from Carlyle-backed Puccini via a debt-for-equity swap.
Shares have been sold to institutional investors for €15.8 a share
Add-on is the first since LDC and Ares provided financing of £100m to the telecoms company in 2019
Acquisition of the fire safety systems provider is the first from the GP's €1.1bn eighth fund
Fresh capital will go towards increasing delivery speed and geographic footprint