US-based firm Clayton, Dubilier & Rice and the board of healthcare communications and public relations group Huntsworth have announced an agreement on the terms of a takeover offer giving the company an enterprise value of £524m.
Sale process saw EBITDA adjustments due to the hygiene product company's increased revenues
Company has raised more than €50m in funding so far.
Holdco plans to file a proposed public buyout offer with French regulator AMF at €90 per share
Submission proposes a bridge funding facility in the form of a convertible loan of up to £5m per company