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.
In addition, Agroponiente bolts on Lara Castañeda and increases its stake in Vegacañada
Development comes three years after the GP invested £8m in the construction equipment business
Existing investor Bayern Kapital also takes part alongside new investor Vesalius Biocapital
3i acquires the company for up to €16m, of which €8.7m was deployed on signing the deal