The number of failed auctions for businesses has risen sharply over the last two years due in part to the pressure to meet high valuations, according to recent research by Investec Corporate and Investment Banking.
Investment was reportedly equally split between equity and debt
Pfaudler's listed subsidiary, GMM Pfaudler, acquires an 80% stake in the business
Lawyers were originally part of a team hired from Kirkland & Ellis's London office in April 2016
Space-tech startup has so far raised $152m since being founded in 2015