Private equity firms Consilium and Progressio, alongside MMM, a company controlled by Italian entrepreneur Massimo Menna, have wholly acquired frozen foods specialist Gelit from NYSE-listed business Conagra Brands.
Vehicle was registered in Luxembourg in September 2018 and held a first close earlier in the year
Fund will follow the same strategy as its predecessor, Accel London V, which raised €500m
GP sells Dutch petrochemical business BRB to Malaysia-based peer Petronas Chemicals Group
GP acquires a 37.5% stake in the low-calorie drinks brand and typically writes cheques of up to £10m