Graphite Capital has realised its investment in PIFC Group, an employee benefits consultancy. The business has been acquired by Thinc Group Holdings Ltd, part of the AXA Group for an undisclosed sum. At the time of the sale, PIFC had reduced its pre-tax losses from £2.3m in 2005/6 to £1.1m in 2006/7 after Graphite undertook a capital restructuring of the company.
Fund has made four platform investments and backs European digital and technology-based companies
Toni Gillespie joins as chief of talent, while Elisabetta Ricci joins as chief of staff
GP backed the business – then called Ryds Bilglas – via Nordic Capital VIII in 2018
Auction of the Italian producer of natural flavours and ingredients is expected to launch in early 2022