Gala Coral's fate is understood to have finally been sealed after its lenders have agreed to a long-awaited restructuring deal that will see Gala's mezzanine creditors take complete control of the business from private equity owners Permira, Candover and Cinven.
Managing director Craig Ferguson discusses accelerated deployment activity during the pandemic and plans to scale up the PE allocation by 2025
Fund has a target of $600m, which it plans to reach by next year, according to Kommersant
Existing investors including Institut Català de Finances also take part in the financing
Biotech company initially raised €12m in December 2018