European multiples averaged 10.2x in the first quarter of 2017, in line with the 2016 average but down from the 10.6x level seen in Q4 2016, according to the latest unquote" and Clearwater Multiples Heatmap Analysis.
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