IGI sells stake in Italy’s Gruppo Fabbri Vignola to Lincolnshire Management


news_film_lrgItalian private equity firm IGI has sold down its investment in industrial group Gruppo Fabbri Vignola to US buyout house Lincolnshire Management as part of an $835m deal.

IGI and the Chiarva family sold 51 per cent of the business, with IGI keeping a minority stake in the company it bought into in 2011.

Lincolnshire said it planned to expand the business into the US and Eastern Europe as well as boosting its technological development.

The firm, which was founded in 1986, manages more than $1.7bn and last raised $835m through its fourth fund.

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