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BC Partners nears deal to buy 50% of Fedrigoni from Bain Capital – sources

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Reuters UK

By Pamela Barbaglia LONDON (Reuters) – European buyout fund BC Partners is close to clinching a deal to buy 50% of Italian paper manufacturer Fedrigoni from Bain Capital in a deal that values the company at 3 billion euros ($3.1 billion), two sources close to the matter told Reuters. The deal, which will see Bain Capital using its latest fund to reinvest in the company, ranks as one of Italy’s biggest buyouts this year and defies a tough financing market for private equity investors. BC Partners, Fedrigoni and Bain Capital declined to comment. Fedrigoni, based in the northeastern town of Veron…

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