Italian private equity firm Ambienta has sold stoves and boilers manufacturer Aico to Norway-based Jøtul, a portfolio company of OpenGate Capital.
Acquisition by Bergs Timber values the company at SEK 140m and ends a 12-year holding period
GP will focus on eastern European and Russian-speaking founders who it believes are undervalued and overlooked for funding
GP acquired IFG Group in 2019, subsequently splitting it into Saunderson House and James Hay
Riverside acquired Bike24 in 2015, selling it to Bridgepoint's Wiggle-CRC and buying it back in 2019