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.
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