Deals
Campari’s Family Owner to Acquire Stake in PE Firm Bluegem
Lagfin owns an about 52% stake in Campari, one of the world’s largest distillers.
Photographer: Francesca Volpi/BloombergThe controlling shareholder of distiller Davide-Campari Milano NV has agreed to acquire a minority stake in consumer-focused private equity firm Bluegem Capital Partners.
Luxembourg-based Lagfin, which manages the investments of the billionaire Garavoglia family, will commit to be an anchor investor in Bluegem’s upcoming fund, according to a statement on Thursday that confirmed an earlier Bloomberg News report. Lagfin is taking an about 20% stake in the private equity firm, people familiar with the matter have said.