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Advent’s €1bn IRCA buy shows the PE house has a sweet tooth
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In the run-up to the Easter holidays, many of us have chocolate on the mind.
None more so than Francesco Casiraghi, managing director at private equity giant Advent, who just struck a €1bn deal to buy one of Europe’s largest producers of ingredients for artisanal pastries, cakes and gelatos.
From creams, chocolates and cakes to gelato bases,...
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