Private equity firm Permira said on Wednesday it had sold Italian healthcare technology company Althea in a deal which a source with knowledge of the matter said put an enterprise value on the group at “well above” 1 billion euros ($1.06 billion).

Permira sold Althea to a consortium including Italian infrastructure fund F2i and infrastructure investment manager DWS Infrastructure.

F2i acquired Althea’s assets in Italy and in 14 other countries, apart from those in the UK and Ireland that were bought by DWS, F2i said in a separate statement.

Read more: Reuters