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General

Pillarstone set to close Sirti acquisition - report

Wednesday 24 February 2016 | 15:15 CET | News
Pillarstone Italy, an investment vehicle set up by private equity fund KKR and the banks Intesa Sanpaolo and UniCredit, is set to close the acquisition of the entire capital of Italian network services provider Sirti, reports Milano Finanza. The companies entered into exclusive talks in December, with Pillarstone committing to provide a capital injection for Sirti and reorganise the company under a new business plan in an effort to turn around its finances. In total, Sirti will receive a EUR 25 million new equity injection as part of the final deal, said the report.

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Categories: General
Companies: Sirti
Countries: Italy
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