Angela Sormani

First close for Italian private debt initiative

Muzinich & Co's Italian Private Debt fund has reached a first close. The fund is financing Italian small and midsize enterprises. The fund will hold an additional close later in the year.

Quad-C sells Technimark

Quad-C Management has sold portfolio company Technimark to Pritzker Group Private Capital. Financial terms were not disclosed. Technimark is a global manufacturer of custom rigid packaging solutions.

Harper Love secures Graycliff Partners' backing

Graycliff Partners has backed Harper Love Adhesive Corporation. The company manufactures adhesive additives used to bond corrugated boxes. Headquartered in Charlotte, North Carolina, Harper Love was formed in 1978 as a joint venture of Harper Corporation of America and N.B.Love Industries, of Australia.

Concorde Solutions raises funds led by JMI Services

Concorde Solutions has raised $2.5 million led by new investor, JMI Services and with participation from Panoramic Growth Equity and Elderstreet, both existing investors. Concorde is a provider of business analytics.

Actis invests in Chinese biscuit brand

Actis has backed Jiashili Food Group for a significant minority stake. The business is a Chinese biscuit manufacturer.

Morood Invest backs Care Oncology Clinic

Morood Invest has backed Care Oncology Clinic. The private london-based clinic provides oncology treatments.

Magenta Partners sells iPrism stake to Bowmark Capital

Entrepreneurial growth investor Magenta Partners has sold its stake in iprism Underwriting Agency Limited to Bowmark Capital. iprism is an insurance intermediary.

Arle acquires Innovia Group

Arle Capital is acquiring Innovia Group from the Candover 2001 Fund, which Arle has managed since 2009. Innovia is headquartered in Wigton, Cumbria, UK. The business is an international manufacturer of high quality, speciality films.

Cinven to invest in Visma

Cinven is to invest in Visma, a software and business process outsourcing services business in the Nordic region. Cinven, HgCapital and KKR will be co-lead investors each with a 31.3 percent shareholding in the group. Shareholders will also include Nordic institutional investors Ilmarinen, Storebrand and Visma management.

peHUB First Read

Catch up on the latest news after the weekend including KKR lowering its private equity barriers to entry, what an LP meeting is really like, Chinese venture attracting LPs again and the sort of thing a top class VC will do for its portfolio company long after the cheque has been cleared.