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.

  • 18 Sep 2009

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 ...

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