LBO of clutch maker FTE to have all-bond finance

Bain Capital will finance its takeover of FTE Automotive, the German hydraulic clutch systems maker, entirely with high yield bonds.

  • 21 May 2013

The transaction, which will be led by Morgan Stanley, is scheduled to be executed before the summer, according to a person with knowledge of the proceedings.

The price of PAI Partners’ sale of the business to Bain was undisclosed. The French private equity firm bought FTE from UK venture ...

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