Fondo Agroalimentare Italiano (FAI) and Italian state-owned Invitalia have acquired Frigomeccanica, a manufacturer of refrigerated equipment for cafes and bars.
Hydraulic cylinder producer is the third deal of 2021 from the GP's Enact strategy
Round sees participation from Generation Investment Management, Aglaé, Eurazeo, Goldman Sachs and Daphni
GP acquired the packaging producer from Capiton in 2016 and will retain a 20% stake in the business
Exponent said in a statement that the dessert producer has international expansion potential