Europe saw an 18% uptick in deal volume in 2016, according to research by unquote" and Clearwater International, with private equity funds paying on average 10.2x EBITDA, compared with 10x in 2015.
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