Baring Private Equity Partners (BPEP) and other investors have sold their stakes in cleaning services company Clisa –Indulisa to Danish facility service provider ISS. Although the deal value has not been disclosed, the transaction is believed to be worth around EUR 18m. BPEP originally acquired its shareholding in Clisa – Indulisa in January 2006.
Fund complements PAI's existing large-cap strategy with the aim of targeting mid-sized companies across Europe
Fund invests in European digital platforms and marketplaces, targeting pre-seed and seed rounds
Management team is led by Chris Shaw who was appointed as chief executive in September 2017
GP intends to boost the company's expansion internationally, primarily in Asia, the Middle East and the US