French womenswear brand Camaïeu, which has been backed by Cinven since 2007, has reached an agreement with its main lenders Ardian and Centerbridge to convert half its €1bn debt into equity.
Fund has made four platform investments and backs European digital and technology-based companies
Toni Gillespie joins as chief of talent, while Elisabetta Ricci joins as chief of staff
GP backed the business – then called Ryds Bilglas – via Nordic Capital VIII in 2018
Auction of the Italian producer of natural flavours and ingredients is expected to launch in early 2022