Italy
P101 exits Misiedo via trade sale
Italian venture capital fund manager fully exits its investment after a three-year holding
Italy cuts taxes on carry to win Brexit business
Amid increasing competition across Europe, Italy reduces tax on carry in a bid to lure UK fund managers
PE-backed Coin sells 12% stake in OVS
As a result of the deal, Coin has reduced its stake in the retail business from 42% to 30%
Alto Partners acquires bread producer Ro Mar
Deal is the eighth and last acquisition for the GP's 2011-vintage vehicle, Alto Capital III
Principia launches fashion- and design-focused VC fund
Launched with a €150m target, the fund expects to close its first transaction by Q3 2017
Deal in Focus: Idea CCR I in turnaround for Pigna
Investment in struggling pulp and paper company is the third investment by the debt-for-equity investor
LBO France buys VetroElite from Gradiente
Deal saw the Italian mid-cap private equity house divest the asset after a four-year holding period
Wise buys digital printing business Aleph
Deal is the fifth acquisition for the GP's 2015-vintage Wisequity IV
Investindustrial hires former Clessidra CEO Bottnielli
Italian GP also promotes Roberto Ardagna as senior principal in its London office
Idea CCR I purchases Sinterama
Deal is the fourth transaction in 2017 for the Italian debtor-in-possession fund
PE-backed Lindorff bolts on credit recovery firm Gextra
Nordic Capital-backed credit recovery firm acquires Italian competitor from DoBank
Avenue Capital et al. buy Selcom Elettronica
Deal follows the insolvency proceedings filed for the business in March 2017
Style Capital buys Italian fashion house Forte Forte
Fashion-dedicated GP acquires a majority stake in the business from the Forte family
Wise sells chemicals producer Primat
Following a three-year holding period, the GP sells its stake to a consortium led by Hat Orizzonte
Idea's CCR I fund buys 51% of Pigna
GP initially acquired a €10m loan in the Italian stationery manufacturer in June 2016
Unigrains backs Sfoglia Torino's build-up strategy
GP has acquired a 30% stake in the business to boost its buy-and-build growth strategy
Quadrivio appoints new chair and CEO
Alessandro Binello and Walter Ricciotti, former chairperson and CEO respectively, step down from their roles
Fondo Italiano d'Investimento exits Emarc via trade sale
GP sells its holding in the Italian auto parts producer after a five-year ownership period
Steadfast buys Reutter and ITIB
GP plans to merge and further integrate the two companies together with minority shareholder Fortas
Blackstone Tactical Opportunities backs De Nora
The US-based private equity firm is reported to have acquired a 35% stake in the Italian manufacturer
KKR buys Italian credit servicing platform Sistemia
Deal comes two weeks after Varde Partners’ acquisition of Sistemia’s competitor Guber
Alto Partners holds €103.5m first close for fourth fund
Fund manager expect to hold a final close by the end of the year, following a launch in January
Centerbridge floats BFF in Milan
IPO includes the sale of a 31.16% stake by the GP, which bought the business in 2015
One Equity Partners buys minority stake in Usco
GP held a $1.65bn final close for its first fund since spinning out from JP Morgan