Survitec bidders prepare for second round
Banks and sponsors are working on a second round of bids for Montagu’s survival technology group Survitec, which are due in early October. Between five and seven sponsors are in the running for the business, said a banker close to the deal.
A £125m-£150m staple financing is being discussed for the potential buy-out. The debt structure is likely to consist of a revolver and A and B term loans, together with a mezzanine tranche of no more than £20m.
Bank of Ireland, Barclays Capital, HSBC, Lloyds Banking Group and Société
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.