DeA Capital's second corporate credit recovery fund, Idea CCR II, has sold its 67% stake in Italian natural fabrics manufacturer Canepa to Taroni, a silk fabrics producer controlled by entrepreneurs Michele Canepa and Maurizio Ceriani.
Management team retains a minority stake in electrical engineering company Cesa-cap
Creamy Creation will retain its management team but Wagram will bring in a managing director
Company plans to consolidate its market position, and further expand internationally
New recruit will take on the role of investment and portfolio director at the growth capital firm