Private equity newcomer BluO has acquired Pit-Stop Auto Service GmbH, the German division of car service business Kwik-Fit Holdings, a portfolio company of PAI Partners, for an undisclosed amount.
Existing investors including Institut Català de Finances also take part in the financing
Biotech company initially raised €12m in December 2018
Amount includes the capital raised by Eurazeo Growth III, which has now collected more than €500m
Allan Marchington, who will become head of ICG life sciences, says the team has a strong pipeline