ITALY - NEIP exit from textile company generates over 35% IRR

Nord Est Investment Partners (NEIP), has sold its 33.79% stake in textile manufacturer Incotex, generating an IRR of 35%.

NEIP acquired Incotex in 2003 and has since helped to increase the company's turnover from EUR 36m to EUR 55m and double its EBITDA.

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

Several investors placed bids for the company in 2022 but mismatch in pricing didn't lead to a deal

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French employee savings distribution and management firm could be valued at a few hundred million euros

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

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