Italian buyout house Star Capital SGR has bought a majority stake in Biochemical Systems International, an Italian diagnostic devices producer.
Fresh capital will be used to accelerate Funnel's operations in the US and invest in its technical teams
MACSF co-invested with the GP in a spin-off from Voalcom Group, an Apax Partners portfolio company
Transaction is said to value the company at £600-700m
Medtech-focused VC fund will target startups involved in the treatment of cardiovascular diseases