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.
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Previous backer Cambridge Enterprise and newcomer Future Care Capital also take part in the funding
Jadeberg will invest the proceeds of divesting its second fund on a deal-by-deal basis
Founder Olaf Schmitt and his management team retain a significant stake alongside Kieger