Matrix Private Equity Partners has backed the £12m management buyout of CB Imports, an importer and distributor of artificial flowers.
Previous fund held a final close in 2012 with capital commitments of USD 840m
MoU marks LBO France's first foray into the Chinese market, with plans to open a local office
ECI bought the asset from Phoenix less than three years ago
Silver Lake, CVC, Advent and KKR are already set to join the race, sources say