ITALY - SG Capital buys majority stake in Co.Import

SG Capital Europe has agreed to purchase 80% of Co.Import, a retailer of accessories and small home furnishings, from its founding family for EUR 15m. The management is reportedly reinvesting EUR 3m for the remaining stake. Co.Import owns a network of 35 stores located in the north and central regions of Italy. It expects to report consolidated revenues of EUR 34m this year.