European private equity firm Triton Partners is adding a former chief executive of appliance maker Indesit to its Italian team, as it looks to benefit from investment opportunities in Spain and Italy.

Marco Milani, who also served as Indesit chairman, will join Triton's Milan team in July, a spokesman said. Milani will work alongside investment adviser Fabrizio Gualdi, who joined Triton in April 2014 from Ergon Capital Partners.