Quadrivio exits Pantex in trade sale
Italian alternative investment fund Quadrivio has made a gross IRR of 50% on the exit of Italy-based personal hygiene company Pantex, less than 24 months after its initial acquisition.
The exit marks the seventh realisation from Fondo Quadrivio Q2 and sees the GP fully exit its stake.
Quadrivio netted an estimated 2-3x return on capital and a gross IRR of more than 50% on the deal, 24 months after it invested in the business.
Since acquiring 99% of the business in 2015, Pantex's sales have increased by roughly 60% to around €70m, with 30% EBITDA growth, the GP said in a statement.
Previous funding
Quadrivio acquired a 99% stake in Pantex in 2015 via its Quadrivio Q2 fund.
Company
Pantex is headquartered in Sulmona, Aquila. The group makes plastic and elastic components for personal hygiene products and has manufacturing plants in Italy, UAE and the US.
Pantex's main clients are both branded and private label personal care companies.
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