KKR-controlled turnaround fund Pillarstone Italy and Italian GP Friuli Veneto Sviluppo (FVS) have launched a new fund dedicated to distressed companies based in the north of Italy.
GP said the deal will facilitate further investment in the development of Nordic Capital
KKR, Index Ventures, Ares and Alven Capital have each sold 50% of their shares in the company
In his new role, Piacentini will support KKR's technology, media and telecoms investment activities
Transaction sees the management team retain a majority stake in consultancy Epsa