Investitori Associati has acquired railway security and diagnostics company Meridionale Meccanica (Mer Mec) in a management buy-in deal. The management team will retain a stake in the company.
Firm launched its latest vehicle before the summer and aimed to attract a broader base of investors
Fund, which has already been invested in at least one transaction, has a €1bn target
Pechel, via Pechel IV, and the co-investment team of Omnes back the French IT services firm
Connection Capital provided £6.7m to support the buyout of the business in 2017