Private Equity Partners SGR (PEP) has injected €18m into Italian security company Allsystem Group in exchange for a significant minority stake. Investment took place through Private Equity Partners Fund IV, which closed on €300m in 2007.
Software systems developer is the GP's first investment from its £561m CBPE X vehicle
Following the deal, Montefiore retains a minority stake and a seat on the company's board
Following the €20m first close, the Berlin-based VC aims to launch a larger cleantech-focused fund
GP is investing from its £120m SME Fund, which held a final close in July 2018