Private equity firms are anxiously monitoring liquidity in their portfolio companies with the coronavirus pandemic harming cashflow and shutting down the M&A market, according to several fund managers and advisers.
German footwear company is reportedly valued at around €4bn and drew interest from several PE buyers
Funding will help the studios expand their development pipelines and accelerate global growth
Vendors reportedly sought a valuation of between €800m-1bn for the company
P101 deploys capital from its Programma 102 and Italia 500 vehicles for the deal