ABN Amro Capital, the financial sponsor arm of the Dutch bank, has done its largest deal in acquiring Global Garden Products, the Italian lawnmowers business, for €555m ($654m).

The financial sponsor has made sizeable investments before, including the purchase of De Dietrich, a French manufacturing company valued at $430m, three years ago. Paul Southwell, a member of the ABN Amro Capital deal team, said the GGP deal - bought from UBS Private Equity - is the firm's largest to date.