According to reports, AIG Capital Partners, the emerging markets private equity division of American International Group, has acquired a 30% stake in UTI Group. The company is a provider of security systems and services with headquarters in Romania. The value of the transaction is set at approximately EUR 15.4m.
Fund complements PAI's existing large-cap strategy with the aim of targeting mid-sized companies across Europe
Fund invests in European digital platforms and marketplaces, targeting pre-seed and seed rounds
Management team is led by Chris Shaw who was appointed as chief executive in September 2017
GP intends to boost the company's expansion internationally, primarily in Asia, the Middle East and the US