Italian state-backed investor Fondo Italiano d'Investimento (FII) has announced it will launch two new funds-of-funds, Private Equity II (FoF PE II) with a €600m target, and Venture Capital III (FoF VC III) with a €200m target.
Sale of the GP's minority stake in the tax consultancy comes five years after its initial investment
Argos Wityu, which owned a majority stake in the business since 2017, becomes a minority stakeholder
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