Compass buys Italian fridge maker

The London-headquartered private equity firm has completed its eighth European transaction from a $1bn fund dedicated to the region.

Compass Partners, the private equity firm with offices in London and Frankfurt, has acquired 100 percent of Eco, an Italian refrigerator heat exchanger maker, for an undisclosed sum.

The secondary buyout was made from Italian private equity houses PM & Partners, BS Private Equity, Italian Private Equity Fund II, BNL Investire Impresa and current management.

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