DeA Capital's first corporate credit recovery fund, Idea CCR I, has reduced its holding in Italian paper manufacturer Cartiere Pigna, by selling a 20% stake in the business to office products supplier Buffetti.
Deal ends a five-year stint under Foresight ownership, which first invested in 2013
Trevi appointed a chief restructuring officer in 2017 to negotiate a debt restructuring plan
AI business will look to expand beyond marketing and into robotics, healthcare and education
Company's founders and CEO Klaus Schmidt have retained a significant minority stake