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Announced

Azzurra Capital to acquire a stake in Lucart.

Synopsis

Azzurra Capital, a private equity firm, agreed to acquire a stake in Lucart, a manufacturer of tissue, airlaid and MG paper products. Financial terms were not disclosed. "We are extremely honored to have become a partner of the Pasquini family. In recent months we have developed an excellent relationship with the family and fully share the objectives and strategies to create further value and growth for the Group. The investment in Lucart perfectly aligns with our strategy of investing in family-owned companies, managed by high-quality entrepreneurs, who are leaders in their field, with a long history of success and attractive growth prospectsp," Stefano Marsaglia, Azzurra Capital Founder and CEO.

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