Southern Europe-focused private equity firm Investindustrial has made the final exit from its 2000 vintage buyout fund, as it nears its €1.25bn fundraising target.

The firm has brought the amount returned to investors in the last two years to €1.1bn with its seventh realisation, it announced yesterday. The firm has sold Contenur, Europe's largest manufacturer of urban plastic waste containers to Spanish firm Miura Private Equity and France-based Demeter Partners. The sale of Contenur, which Investindustrial acquired in 2005, represents the completion of its 2000 vintage €323m fund, Investindustrial II.