Chinese firm Hony Capital has acquired PizzaExpress, the UK restaurant chain that was part of Cinven-owned Gondola Holdings, for around £900m, or 10x EBITDA.
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