Eismann and Cordenka give mid-market life
Leveraged buyouts for frozen food delivery company Eismann and tyre-fibre producer Cordenka, both in Germany, will need nearly €300m between them as the lower mid-market continues to provide deal supply to the European leveraged finance market.
Bookrunners are approaching banks in the early-bird syndication of the 181m of leveraged loans backing Gilde Buy Out Partners buyout of food delivery company Eismann. Commerzbank, Crédit Agricole and Rabobank are arranging the debt.
Bankers close to the deal said that appetite for the loans had been strong
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