PAI Partners to acquire Scrigno from Clessidra Private Equity.

PAI Partners, a pre-eminent private equity firm, agreed to acquire Scrigno, an opening solutions specialist, from Clessidra Private Equity, a management company dedicated to mid-market investments in the Italian private equity market. Financial terms were not disclosed. "We are excited to invest in Scrigno, the European leader in the manufacturing of counter-frames for pocket doors. We look forward to partnering with the CEO, Maddalena Marchesini, and the rest of the management team to support the ambitious growth plans they have for the business. This will be achieved through both organic growth and acquisitions, and we intend to actively support the company’s internationalisation through our pan-European presence and sector expertise," Raffaele R. Vitale, PAI Partners Founding Partner.