ITALY - Alto Partners' new fund closes its first deal

The fund has backed the MBI of Caminetti Montegrappa, a manufacturer and distributor of stoves, fireplaces and heating equipment. The deal will see the fund holding an 85% stake in the company, while the three founders will retain a minority stake of 5% each. The newly-appointed managing director, Paolo Gai, will retain a 3% shareholding in the business.

The acquisition was leveraged by a senior debt package provided by Veneto Banca.

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• Topics
• Buyouts
• Southern Europe