Investindustrial begins expansion

Following the acquisition of Permasteelisa for €353m, Italy’s largest LBO this year, mid-market private equity firm Investindustrial has appointed Luca Destito to its investment team.

Destito joins the firm from Investitori Associati where he spent the past six years as partner.

He began his career in the investment banking division of Citigroup where he worked in mergers and acquisitions out of London, New York and Hong Kong. His main areas of investment focus include engineering, pharmaceuticals and retail.

With €2.1bn of assets under management, Investindustrial’s investment team consists of 30 professionals and is due to expand in the coming months.