Italy's Gruppo Argenta to partially repay lenders

By Olivier Holmey
22 Jan 2014

KKR Asset Management has agreed to invest €100m in Italian food vending machine operator Gruppo Argenta to partly repay loans and support its growth.

The company’s shareholders will invest €10m alongside KKR, the private equity firm said in a statement on Tuesday.

Gruppo Argenta last raised money in 2008, when it issued a €485m loan to support its secondary buyout from Advent International by Cognetas and Investitori Associati, according to Dealogic.

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