21 Investimenti, the private equity investment arm of the Benetton family, has closed its second fund, 21 Investimenti II, on EUR 280m, exceeding the initial target by 40%.
CIC is also fundraising for CIC Mezzanine & Unitranche 5, which launched in September and held a first closing on €150m
Round is one of the largest venture capital deals in Germany this year
Berthoux and Desmottes join as operating partners, while Philips becomes a strategic partner
Vitrulan has acquired the business for its broader product range and to expand internationally