The firm bought an 89 per cent stake in the company from 3i in 2008 using its €165m Alto Capital II vehicle.
Monviso makes specialist products such as breadsticks and rusks, as well as hand-made food for children and diabetics.
Almost 60 LPs committed to Alto Capital II include Bear Stearns Private Equity, the European Investment Fund, F&C Asset Management, Granite Capital, Parish Capital, Partners Group, Assicurazioni Generali, Alleanza Assicurazioni, Fondiaria-SAI, Inarcassa and Cassa Forense.
The fund primarily targets buy-out transactions focused on consumer goods, food and beverages, industrial and commercial machinery, late stage applied technology, leather and luxury goods, and leisure and lifestyle.
PM & Partners closed its second fund on €340m in 2009, focusing on investments in companies with turnovers ranging from €30 to €300m.
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