Successful closing of 21 Investimenti II

September 17, 2008

21 Group is pleased to announce the final closing of its latest Italian private equity Fund, 21 Investimenti II, with total commitments in excess of Euro 280 million. The new Fund has been subscribed well above its original target of Euro 200 million attracting more than 15 new institutional investors. More than 50% of commitments are coming from non-Italian international institutions such as pension funds, banks, insurance companies, funds-of-funds and family offices.

21 Investimenti is one of Italy’s most established private equity firms active in the growth of Italian mid-market companies with an enterprise value in the range of Euro 50 to 250 million. The Italian market offers a large number of investment opportunities in family owned business seeking strategic and financial support to achieve their next stage of development and to create long-term growth.

21 Investimenti II has already completed 2 transactions:
• The LBO for the acquisition of GPP Industrie Grafiche S.p.A, an Italian leader in the luxury cardboard packaging sector.
• The spin-off from the multi-national Group Velan of Valbart S.r.I, a leading Italian manufacturer and distributor of ball valves for the Oil & Gas and petrochemical industries.

Alessandro Benetton, Chairman of 21 Group said: « The closing of this Fund is a great success and marks an important milestone in the development of the 21 Group. I am very grateful for the strong support of our existing investors as well as the increasing involvement of new international investors. We view this recurring interest as a strong endorsement of our active ownership strategy and a consequence of having delivered on our promise to generate superior returns by building leading companies. All those valuable contributions will allow us to pursue the most compelling opportunities and to create long term value for our investors.”

21 Investimenti to sell Forno d’Asolo

21 Investimenti has signed an agreement for the sale of Forno d’Asolo, a leading Italian producer and distributor of frozen bakery products, to BC Partners, a leading international investment firm.
Read more
Load More
Fail to load posts. Try to refresh page.