Southern Europe unquote
ICG buys majority stake in Garnica
London-based asset manager invests in the business via its ICG Europe IV fund
Investindustrial loses out to Cairo on RCS bid
Italian media group Cairo Communication wins takeover bid for Corriere della Sera and El Mundo publisher
Brexit opens opportunities for Italian private equity
Following the Brexit vote, Italy senses an opening to forge a new role in the continent
Innogest leads €3m round for Supermercato24
Backers include existing venture capital investor 360 Capital Partners
Paine’s Suba Seeds buys Brotherton
Deal marks the second bolt-on acquisition in the US market for PE-backed Suba Seeds
Clessidra relaunches fundraising activity for third fund
GP sets the vehicle’s renewed target at €800m, below the original €1bn target
Investindustrial sells jewellery manufacturer Stroili
Sellers include minority stakeholders 21 Investimenti, Wise, Ergon and NB Renaissance
MCH and Explorer sell Nutricafés for €74.5m
Iberian GPs have sold their portfolio company after a 10-year holding period
Northzone leads $25m series-B for Cornerjob
Backers include venture capital house E.Ventures as well as existing investors
Corpfin buys 60% stake in Palex
Founding family has sold a controlling stake in the business after 51 years
Apax Partners buys Invent Farma for €220m
Deal marks the first investment in Catalonia for Apax since the 2007 crisis
Consilium buys majority stake in GMM
Deal marks the second investment of 2016 for the GP’s third vehicle, Consilium Private Equity Fund III
Ardian buys 60% stake in Dedalus
Deal marks the sixth investment in the Italian mid-cap market for Ardian
NB, Apax take over Engineering Ingegneria Informatica
Following the transaction, the GPs have de-listed the company after 16 years on the stock exchange
EdRip injects €15m into Mondial Pet
As part of the deal, EdRip acquired a minority stake in excess of 40%
Bayside Capital holds first close on €260m for Idea CCR I
Restructuring and turnaround fund will focus on Italian mid-size companies
21 Investimenti buys Italian sneaker maker Philippe Model
Deal marks third acquisition for the GPs third vehicle, 21 Investimenti III
Realza holds €125m first close for second fund
Realza Capital Fund II launched in June 2015 and has a €200m target
Fondo Italiano exits winding machines producer Marsilli
Italian state-backed GP has sold its stake in the business after a three-year holding period
Alto Partners’ Dolciaria Val d’Enza bolts on Artebianca
Deal marks the seventh transaction for the GP’s third vehicle, Alto Capital III
Consilium buys heavy machinery producer Faccin
French private equity firm Access Capital Partners co-invested in the business alongside Consilium
TA acquires Kiwoko from Corfin and Prince Capital
Pet store chain has grown through acquisitions and investment in new stores
Clessidra hires CEO & vice-chair after Bottinelli departure
Following the acquisition by Italmobiliare, Clessidra has appointed a new CEO and a vice-chair
Carlyle acquires packaging producer Logoplaste
Deal marks the seventh transaction for the firm’s €3.75bn 2013-vintage vehicle, Carlyle Europe Partners IV