BC Partners Sells Italian Pastry Maker in 1.1 Billion-Euro Deal

BC Partners agreed to sell Italian frozen pastry and bakery products maker Forno d’Asolo SpA to a consortium backed by Investindustrial and the Bagnoli family, in the latest portfolio divestment by the London-based buyout firm.

The deal values Forno d’Asolo, which BC Partners bought in 2018, at about 1.1 billion euros ($1.2 billion), according people familiar with the matter, who asked not to be identified discussing non-public information.

BC Partners, one of Europe’s oldest and best-known private equity investors, has been focused on returning money to investors, after raising its latest flagship fund in 2022. It sold a minority stake ...