Madrid-based PE firm GPF Capital has acquired a minority stake in Grupo Malasa, a Spanish company that designs, manufactures and installs furniture for shops, hotels and restaurants.
Company will use the capital to expand in the North American, EU, and Asia-Pacific markets
Acquisition of IT service is subject to approval from the German competition authority
GP intends to bolster Bindi's growth both organically and via new acquisitions in Italy and abroad
Deal marks the seventh add-on acquisition since Triton bought AVS from Borromin Capital in 2013