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Financial Times: Buffett’s favoured advisory firm takes stake in Italian machinery maker IMA

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Will Louch and James Fontanella-Khan report on BC Partners latest exit in the Financial Times:

The IMA deal provides an exit for its current private equity backer BC Partners and marks the firm’s second sale in the past week after it agreed to offload a minority stake in US petcare retailer PetSmart to Apollo Global Management. BC Partners will more than double its money on IMA after taking a 45 per cent stake in the company back in 2020, one of the people said.

Read the full article here.