The board of Club Méditerranée (Club Med) has approved a bid made by Investindustrial to buy the firm, which could put an end to Ardian's attempt to take the company private.
GP said the deal will facilitate further investment in the development of Nordic Capital
KKR, Index Ventures, Ares and Alven Capital have each sold 50% of their shares in the company
In his new role, Piacentini will support KKR's technology, media and telecoms investment activities
Transaction sees the management team retain a majority stake in consultancy Epsa