Two-Year-Old Vespa Capital Sees First Exit

Two-year-old private equity firm Vespa Capital has found its first exit, selling portfolio company James Villa Holidays to Wyndham Exchange and Rentals. Financial terms of the deal were not released. Vespa backed a 2008 management buyout of U.K.-based James Villa Holidays, which provides specialty villa tours. Vespa Capital is based in the U.K. and France.

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