Italian mid-market private equity firm Aksìa Group is seeking €150m for its fourth buyout fund, AltAssets has learned.
The Aksìa Capital IV fund, which follows the €147m third vehicle, will invest in eight to nine smaller mid-market Italian companies which are strongly focused on international markets, Aksìa investment manager Marco Albanesi told AltAssets.
Aksìa will grow the companies via international expansion, innovation and development of their management teams.
Earlier this month Aksìa sold Plasti-Ape, a manufacturer of packaging solutions for medical devices for €71m, bagging a return of three times.
The sale valued the business in the region of seven times in terms of EV / EBITDA multiple on 2012 results.
This was the second exit made from Aksìa’s third fund following the disposal of Robuschi in December 2011.
With these two deals, Aksìa Group reimbursed to its investors approximately 75 per cent of the total drawdowns to date.
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