Fund Centro Impresa, managed by Sanpaolo IMI Fondi Chiusi, has invested EUR 3m in return for a 32% stake in Blumen, a retailer of home and garden appliances. Blumen is based in Piacenza and had returns of EUR 15m last year. The business plan includes growth at national level, via acquisitions of companies from related sectors.
Ian Connatty, head of funds at British Patient Capital, updates Denise Ko Genovese on the investments made by the LP in 2020
While 2019-2020 saw DBAG's NAV fall by 5.8%, the GP expects to increase PE investments in the coming years
Startup was founded last year and has reportedly raised $8.2m so far
Kinnevik joins new investors Piton Capital, BurdaPrincipal Investments and VNV Global