Takko LBO wraps up in early-bird

Syndication of Eu850m of all-senior loans backing private equity firm Apax’s buy-out of German fashion retailer Takko closed oversubscribed, after allocation on Wednesday. The loans were fully syndicated in an early-bird phase

  • 25 Feb 2011

The early-bird success of Takko replicates that of recent Capio and IMCD leveraged buy-outs in not needing a general syndication. Scarcity of primary deals and cash-rich investors mean the leveraged loan market continues to offer friendly conditions for borrowers, said bankers.

Takko’s Eu450m institutional term loan ‘B’ — which ...

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