EMI has reportedly ended talks about a potential £2.5bn sale to Permira. It is understood that the offer was not considered to fully reflect the prospects for and the value of the company which EMI could recommend to shareholders. The Financial Times reports that EMI's directors may have been holding out for an offer higher than 320p a share, the level at which they rejected an offer from Warner Music this summer.
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