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Clessidra sells ABM Italia in quick flip to BC Partners

Italian buyout firm Clessidra has agreed to sell office furniture manufacturer ABM Italia to BC Partners-backed Keter Plastics, according to a statement.

Clessidra sells ABM Italia in quick flip to BC Partners
Photo: iStock

Italian buyout firm Clessidra has agreed to sell office furniture manufacturer ABM Italia to BC Partners-backed Keter Plastics, according to a statement.

Clessidra generated a three-times return on invested capital from the transaction, which valued the company at €400 million, people familiar with the matter said.

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