French private equity firm Cerea Partners will launch a third buyout fund with a €250m target and €300m hard-cap by the end of the year and a fourth mezzanine vehicle next month.
Charcoal and natural additives company saw final bids from two banks and one direct lender
VCs including the Swiss Entrepreneurs Fund, BtoV and Ringier Digital Ventures also participated
Around 40 existing and new LPs, including British Patient Capital and the EIF, participated
Fund will invest in buyouts, recapitalisations and carve-outs of both profitable and underperforming businesses