Early-bird Takko LBO wraps up oversubscribed

Syndication of the Eu850m of all-senior loans backing private equity firm Apax’s buy-out of German fashion retailer Takko closed oversubscribed, after allocation on Wednesday.

  • 24 Feb 2011

Institutional investor demand was particularly strong, with a lot of new money coming in, as the loans were fully syndicated in an early-bird phase.

“There were very few existing lenders as there was very little syndication of the old deal,” said one banker close to the transaction. UniCredit underwrote ...

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