Investindustrial, the southern Europe-focused private equity firm that owns the luxury car marque Aston Martin, has agreed to buy a 60% stake in the Italian owner of the Chicco baby brand, Artsana Group, in the first investment from its latest €2 billion buyout fund.
The deal values Artsana at about €1.3 billion, a spokesman said, with no co-investors involved in the deal.