Spanish GP Arcano Asset Management has raised €200m for its fund-of-funds Arcano Capital XII, which was launched at the end of 2018 with a €250m target and a €300m hard-cap, Unquote understands.
In addition to Famar Italia, the Italian subsidiary of Famar, the deal also includes Famar Properties
There are reportedly concerns over the accessories distributor's revenues in the wake of coronavirus
Deal will see minority shareholder Arctos Equity Partners exit the business
Sale ends a four-year holding period for the GP, which invested in the company via its first fund