The firm has teamed up with Italian firm Apeiron Management to make debt and equity investments of between €5m and €50m.
Atex manufactures non-woven fabrics at factories in Italy and the US.
MGG's acquisition of Eurotech, also an aluminium products business, is its second bolt-on since Parcom acquired the company in 2017.
Foresight Group backed the management buyout of ICA Digital in 2014 with a £2m investment.
The new vehicle is nearly twice as large as IK's €277m debut small cap fund, which it raised less than two years ago.
General Atlantic has acquired a 25.1 per cent stake in the German media company’s commerce unit, which holds interests in ten companies including Verivox and Parship Elite Group.
A Preqin survey of 350 managers in the asset class found that 36 per cent plan to reduce the targeted returns of future funds.
Mark Sargeant has been with the firm for a decade and works on business services and media deals. Will Skinner has worked on Phoenix's investments in Riviera Travel and Forest Holidays.
Aided by a series of bolt-ons, Mobility Group has increased revenues fivefold since Lonsdale’s MBI in 2016.
Steve Jones joins Livingbridge’s value strategy team from CarTrawler. He will work within the firm’s customer acquisition unit.