Aurelius Equity Opportunities has agreed to acquire the fleet management division of UK telecommunications group BT.
Fund has raised €1bn of its €1.1bn target and plans to hold a final close in Q1 2020
GP will take a minority stake, with the Reisenthel family as majority shareholders
Horizon expects to merge the two IT services providers to create a business with 300 developers
Firm is investing from Paine Schwartz Food Chain Fund IV, which closed on $893m in 2014