B&S Private Equity, the independent Italian firm, has completed its second acquisition in two months with the buy-out of Autogru PM, an Italian manufacturer of truck-mounted cranes, for €40m ($40m).

B&S Private Equity, which is the Italian associate of the UK's Electra Partners, completed the acquisition of Carapelli, which refines olive oil, at the end of May. It bought Carapelli from Cereol for €101m. B&S Private Equity, which is owned by its five executive directors, typically invests in manufacturing and service companies.