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ITALY - PM & Partners acquire financial services player

  • Angelica Mari
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Via its fund Emerald, private equity firm PM & Partners has acquired a 55% shareholding in Maccorp, a Milan-based company providing exchange and money transfer services.

Maccorp was established in 1990 and has reported a turnover of around EUR 225m last year. It is understood that the original management team will keep their positions. It is understood that the business plan of the new investors will mainly focus on the company's expansion in foreign markets.
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