Leveraged Loans - All Articles

  • Publisher Infinitas extends debt after sale of unit falls through

    Infinitas, a Dutch educational publishing company, is extending about €330m of outstanding loans to 2016, after aborting the sale of one of its divisions due to insufficient bids.

    • 31 Mar 2014
  • Callcredit tightens pricing as it closes £218m LBO debt

    Callcredit, the UK consumer data and software provider, allocated £217.5m of loans on Friday, after reducing the margin on the deal’s term loan ‘B’ to 450bp over Libor.

    • 31 Mar 2014
  • Carlyle plans dividend from Addison Lee a year after LBO

    UK taxi firm Addison Lee is in the market for £120m of loans to fund a dividend to its private equity owner Carlyle.

    • 31 Mar 2014
  • Covet thy cover

    To the dedicated investment banker, there is one thing – and one thing only – sweeter than clinching a deal. That thing is being quoted in GlobalCapital. A close third to both of those is being quoted in a front page story in a salmon-coloured financial newspaper.

    • 31 Mar 2014
  • Indonesian loans to see margin hike as borrowers go offshore

    The Indonesian loan market has experienced a tough three months, with the country seeing the biggest drop in volume among southeast Asian countries. Luckily, a host of names have reignited interest among banks with their request for proposals for US dollar funding. The trend is likely to continue, reckon senior bankers, with expectations high that pricing is to rise.

    • 31 Mar 2014
  • 7 Days welcomes banks for new $300m loan

    Chinese hotel chain 7 Days Group Holdings, which went private in the middle of last year, is back in the market with a $300m five year facility, just months after signing a $120m loan to fund the buyout.

    • 31 Mar 2014
  • Pelabuhan sets sail with $203m RFP

    Pelabuhan Indonesia III, a state-owned company that manages sea ports across the country, has issued two requests for proposals worth $203m — one targeting export credit agencies and the other commercial banks.

    • 31 Mar 2014
  • Astra Sedaya closes, loan swells to $670m

    Bankers working on Astra Sedaya Finance’s fundraising have wrapped up syndication, with plans now to increase the final deal to $670m from the launch size of $330m.

    • 28 Mar 2014
  • IndoExim picks six for increased $600m loan

    Indonesia Eximbank has picked a group of six banks to arrange a $600m fundraising, managing to increase it from the $400m it had asked for in its request for proposals.

    • 28 Mar 2014
  • SapuraKencana signs up 13 for $5bn jumbo

    Malaysia’s SapuraKencana Petroleum signed its jumbo loan of $4.977bn this month, finding demand from a group of 13 lenders.

    • 28 Mar 2014
  • Syndicated loans: News-in-Brief, 28 March 2014

    Accolade Wines financing — Creatrade refi — Telenet term loan 'W' — Nets buyout — Intertrust dividend — Hayfin direct lending fund — LGC refi — BHP Bank mandates — Uranium Resources loan — Rosneft repayment

    • 27 Mar 2014
  • Ceva Santé drops dollar, sells cov-lite all in euros

    France's Ceva Santé Animale has dropped the dollar tranche from its €818m loan package after receiving strong support from investors in Europe, making it the first new euro-only covenant-lite deal since the financial crisis.

    • 27 Mar 2014
  • BAML misses out on jumbo Numericable loan for SFR

    Bank of America Merrill Lynch is expected to miss out on one of the key leveraged finance deals of this year, the €11.75bn debt package backing Numericable’s bid for French mobile phone operator SFR, although three of its biggest rivals are all involved.

    • 27 Mar 2014
  • Exxelia-Eurofarad refis and pays dividend to LBO France

    Exxelia-Eurofarad, the French maker of filters and sensors, has raised €175m of loans to refinance debt and pay a dividend to its shareholders.

    • 27 Mar 2014
  • Terra Firma's Awas Aviation gets new revolver from RBS

    Awas Aviation Capital, the aircraft leasing company headquartered in Dublin, has signed a $300m revolving credit facility from Royal Bank of Scotland.

    • 27 Mar 2014
  • Intertrust sets price talk for €837m of leveraged loans

    Intertrust Group, the Dutch corporate services firm, has set guidance for the pricing of its new €837m-equivalent loan package at a bank meeting in London on Wednesday.

    • 27 Mar 2014
  • Asia loans in brief, Friday March 28, 2014

    Vitol seeks Asian acquisition loan – KrisEnergy drills $100m – All aboard Ethiopian Railways

    • 27 Mar 2014
  • Second helping: Hilong returns for $80m loan

    Chinese company Hilong Holding has returned to the market for its second ever syndicated loan, opening up a $80m four year deal to lenders.

    • 27 Mar 2014
  • Third time a charm: Vedanta mulls new $1.2bn loan

    Less than four months after sealing a $1.2bn facility and with another $500m loan still in syndication, Vedanta Resources has started talks with banks for a fresh fundraising — which could be anywhere between $500m and $1.2bn.

    • 27 Mar 2014
  • Accolade Wines gets financing from GE Capital

    Accolade Wines has obtained a $300m credit facility from GE Capital, the second such loan the Anglo-Australian wine company has received from the fund in just over two years.

    • 26 Mar 2014
  • Fashion chain Creatrade refinances all senior debt

    Creatrade Holding, the German fashion retailer owned by Silverfleet Capital, has successfully refinanced €105m of loans.

    • 26 Mar 2014
  • Telenet draws near end of alphabet with term loan ‘W’

    Telenet, the Brussels-listed cable broadband firm, held an investor call on Tuesday to market a €500m term loan ‘W’ due 2022.

    • 26 Mar 2014
  • Third time a charm: Vedanta mulls new $1.2bn loan

    Less than four months after sealing a $1.2bn facility and with another $500m loan still in syndication, Vedanta Resources has started talks with banks for a fresh fundraising — which can be anywhere between $500m and $1.2bn.

    • 26 Mar 2014
  • All aboard for Ethiopian Railways $450m loan

    A $450m loan for Ethiopian Railways Corp, launched into global general syndication on March 25, is quickly gathering interest from banks across Asia.

    • 26 Mar 2014
  • Ceva Santé could drop dollar, sell cov-lite all in euros

    France's Ceva Santé Animale is considering dropping the dollar tranche from its €700m-equivalent covenant-lite loan package after receiving strong support from investors in Europe, according to senior loans bankers and investors.

    • 25 Mar 2014
  • Nets buyout loan to be €1.4bn including PIK

    Nets, the Danish payment and information services firm, is set to raise about €1.4bn-equivalent of debt to back its €2.3bn buyout.

    • 25 Mar 2014
  • BAML misses out on jumbo Numericable loan for SFR

    Bank of America Merrill Lynch is expected to miss out on one of the key leveraged finance deals of this year, after being tipped as one of the nine underwriting banks, GlobalCapital understands.

    • 25 Mar 2014
  • Blackstone’s Intertrust seeks €837m loan for dividend

    Intertrust Group, the Dutch trust and corporate services firm, is raising €837m of loans to pay a dividend to its private equity owner Blackstone.

    • 25 Mar 2014
  • CVC to raise Skr2.5bn of loans for Synsam takeover

    CVC Capital Partners will raise around Skr2.5bn (€282m) of debt to finance its acquisition of optician chain Synsam.

    • 25 Mar 2014
  • Asian LBOs: A recipe for success

    The strong start to leveraged buyout financings in Asia this year, driven by China, is raising hopes among bankers that the momentum is set to continue, with market conditions considered ideal for companies going private or making acquisitions. But with the Asian LBO market still in its early stages, dealers wanting to bring home the bacon need to follow three steps.

    • 25 Mar 2014
  • Second helping: Hilong returns for $80m

    Chinese company Hilong Holding has returned to the market for its second ever syndicated loan, opening up a $80m four year deal to lenders.

    • 25 Mar 2014
  • Advent-ATP-Bain win €2.3bn Nets LBO, banks emerge

    Advent International, Danish pension fund ATP and Bain Capital have agreed the latest leveraged buyout in Europe. The consortium is buying Nets, a Danish provider of payments, information and digital identity solutions, for Dkr17bn (€2.3bn) with leverage of seven times Ebitda.

    • 24 Mar 2014
  • Bridgepoint's LGC Group refis £305m of sterling and euro loans

    LGC Group, the UK life sciences measurement and testing company, is raising £305m of loans in sterling and euros to refinance facilities and repay shareholder loan notes.

    • 24 Mar 2014
  • Hayfin raises €2bn fund for European direct lending

    Hayfin, the London-based investment firm, has raised more than €2bn from institutional investors to lend to European mid-caps, as it seeks to grow its presence in the non-bank lending market.

    • 24 Mar 2014
  • Wistron connects $850m loan with market

    Taiwan’s Wistron Corp, which provides manufacturing services to companies in the technology sector, has hit the market with a $850m one year facility, picking Mega International Commercial Bank as the sole lead.

    • 24 Mar 2014
  • Citic downsizes to $260m with only seven on board

    Citic Resources Holdings has cut its deal size to $260m from the target size of $300m, with signing expected to happen next week. Although the loan has reduced, there is still a possibility that a greenshoe option can be exercised later, which will take the deal to $310m.

    • 21 Mar 2014
  • Bouygues bites back in battle for SFR

    One of Europe’s key leveraged finance transactions this year could be in jeopardy after France’s Bouygues topped its sub-investment grade rival’s bid for the mobile phone operator SFR by as much as €1.4bn, writes Olivier Holmey.

    • 20 Mar 2014
  • Kaufman & Broad seeks bond and loan

    Kaufman and Broad, the French residential property developer, is replacing its entire capital structure with a planned €370m high yield bond and new €200m senior facility agreement.

    • 20 Mar 2014
  • European term loan 'B' issuance highest since 2007

    Term loan B issuance is at its highest since 2007, as European leveraged borrowers are increasingly turning to institutional investors for money, according to new data.

    • 20 Mar 2014
  • European term loan 'B' issuance rises, pricing tightens

    Term loan B issuance is at its highest since 2007, as European leveraged borrowers are increasingly turning to institutional investors for money, according to new data.

    • 20 Mar 2014
  • Montagu uses unitranche loan for LBO of Dutch DORC

    DORC Holding, the Dutch maker of eye surgery equipment, has raised €110m of debt to back its leveraged takeover by Montagu Private Equity.

    • 20 Mar 2014
  • Grifols signs $4.8bn transatlantic loan refi with big term loan 'B'

    Spanish pharmaceuticals company Grifols has completed the jumbo refinancing of $4.8bn-equivalent of transatlantic loans.

    • 20 Mar 2014
  • Kaufman & Broad replaces capital with new HY bond, loans

    Kaufman and Broad, the French residential property developer, is replacing its entire capital structure with a planned €370m high yield bond and new €200m senior facility agreement.

    • 20 Mar 2014
  • France's OGF achieves 50bp price cut, but not 75bp

    Funeral services firm OGF is set to cut 50bp off the margin on €575m of term loans it raised in August, after repricing the facility at the wide end of guidance on Wednesday.

    • 20 Mar 2014
  • Giant begins game with seven for $850m LBO

    Chinese company Giant Investment, which is taking private online game developer Giant Interactive, has picked a group of seven banks to provide it with $850m to fund the leveraged buyout.

    • 20 Mar 2014
  • Bleak Greater China loan volumes pile on the pricing pressure

    Loan figures for Greater China have been a disappointment so far this year, with volumes not only down from 2013 but also standing at the lowest point year to date since 2009. Bankers are now sharpening their tools to battle over pricing levels with issuers — and the prospects are high that margins will climb up, writes Rashmi Kumar.

    • 20 Mar 2014
  • China Zhongwang and Hongqiao dig for loans

    Aluminium manufacturers China Zhongwang Holdings and China Hongqiao Group have entered the loan market in quick succession, with both companies launching three year facilities into syndication.

    • 20 Mar 2014
  • UniTrust hits up lenders for $100m two year deal

    Sole mandated lead arranger and bookrunner Standard Chartered opened up a $100m two year term loan for UniTrust Finance & Leasing Company on the evening of March 19, pricing the transaction at 275bp over dollar Libor.

    • 20 Mar 2014
  • France’s Ceva Santé sets deadline for €668m refi

    Ceva Sante Animale, the veterinary vaccines maker, expects to receive initial commitments to a €668m-equivalent term loan on Friday, as it seeks to refinance debt using an aggressive covenant-lite structure.

    • 19 Mar 2014
  • French funeral group OGF about to sign €575m debt repricing

    French funeral services firm OGF is due to release the final terms of its €575m debt repricing on Wednesday afternoon, as it seeks to sign the amended loans by Friday.

    • 19 Mar 2014
  • IndoExim mulls shortlist for $400m loan

    Indonesia Eximbank has shortlisted some six or seven banks to arrange its $400m dual-tranche facility, talks for which first began at the end of February.

    • 19 Mar 2014
  • Numericable will rebalance the leveraged finance market

    After two weeks of bitter bidding for mobile operator SFR, Numericable appears to have outdone its rival Bouygues. While the news has come as a shock to many in France, it looks set to lift the spirits of Europe’s listless leveraged finance market.

    • 18 Mar 2014
  • Upward pricing swing expected for Greater China credits

    Figures from Greater China have been a disappointment so far this year, with loan volumes not only down from last year but also standing at the lowest level year to date since 2009. With many issuers ditching syndication in favour of clubs, all eyes are now solely on pricing — with expectations high among bankers that margins will climb up.

    • 18 Mar 2014
  • Loans update: CT Corp, Cargill and K Wah Financial

    Indonesia’s CT Corp has wrapped up syndication of its $1.275bn fundraising, netting commitments worth $555m from a group of 19 banks.

    • 18 Mar 2014
  • Numericable increases debt package for €11.75bn SFR takeover

    Numericable has entered exclusive discussions with Vivendi to buy its mobile phone business SFR, a move which could bring just under €11bn of buyout debt to a leveraged bond and loan market hungry for new paper.

    • 17 Mar 2014
  • Ireland's Avolon pulls in two new lenders for secured loan

    Irish aircraft leasing group Avolon has attracted new lenders to its banking group to sign a $500m eight year secured syndicated loan.

    • 17 Mar 2014
  • China Zhongwang hauls out $500m loan

    China Zhongwang Holdings opened up a $500m three year term loan to the market on Friday, March 14, via six mandated lead arrangers and bookrunners. But for lenders eyeing the deal, the top level is still up for grabs.

    • 17 Mar 2014
  • China Hongqiao digs for $700m in general

    Aluminium manufacturer China Hongqiao Group has opened up a $700m three year term loan to the market, pricing it at a generous 320bp over dollar Libor.

    • 17 Mar 2014
  • Giant picks seven for $850m LBO loan

    Chinese company Giant Investment, which is taking private online game developer Giant Interactive, has picked a group of seven banks to provide it with a loan of $850m to fund the buyout.

    • 17 Mar 2014
  • Essar seeks $1bn-plus to go private

    Essar Global Fund, the majority shareholder in Essar Energy, is looking to take the company private and is understood to be in talks with VTB Capital to provide it with the necessary funding.

    • 14 Mar 2014
  • IG hopes for good news as Bouygues sharpens SFR bid

    French mobile telecoms firm Bouygues increased its bid for domestic rival SFR this week, as it increased the cash component of its offer from €10.5bn to €11.3bn and announced plans to sell part of its network to competitor Iliad if its bid proves successful.

    • 14 Mar 2014
  • Leveraged loans - news in brief - March 14, 2014

    Oberthur cuts margin - Permira exits Renaissance - Gea Heat Exchangers in auction - OGF to reprice

    • 14 Mar 2014
  • Ceva retains pricing premium on euros, Grifols does without

    Ceva Sante Animale launched an €818m transatlantic loan package on Monday, as it seeks to refinance the capital structure it set up in 2007. But while another transatlantic deal — $4.8bn for Spanish pharmaceuticals company Grifols — achieved the same margin on its euro and dollar tranches late last week, Ceva has retained the traditional 25bp premium on the euro debt over the dollars.

    • 13 Mar 2014
  • Oberthur cuts 125bp from debt margins in €465m refinancing

    France's Oberthur Technologies completed the early refinancing of €465m-equivalent of term loans on Wednesday, slashing the margins.

    • 13 Mar 2014
  • Trade and PE bidders consider Gea Heat Exchangers

    Second round bids for Gea Heat Exchangers are due next week, with trade buyers and private equity firms considering the €1bn-plus primary buyout.

    • 13 Mar 2014
  • Permira exits Renaissance Learning, pockets big return

    Permira has reached an agreement to sell its entire majority stake in Renaissance Learning to Hellman & Friedman for $1.1bn.

    • 13 Mar 2014
  • France's OGF seeks to reprice €575m LBO loan

    French funeral services firm OGF hopes to take advantage of improved market conditions by repricing the €575m LBO term loan it raised last summer.

    • 13 Mar 2014
  • TCCI opts for clubbing over syndication for $1bn

    Taiwan Cement Corp International (TCCI), which is seeking a $1bn loan to refinance a bridge from November last year, is expected to close the deal via a club rather than opt for syndication, according to bankers working on the deal.

    • 13 Mar 2014
  • HPCL fires up $500m with juicy 170bp margin

    Hindustan Petroleum Corp (HPCL) opened up its $500m three year into general syndication last Friday evening, with bankers away from the deal already keen to lap up the transaction thanks to the juicy margin on offer.

    • 13 Mar 2014
  • ONGC Videsh $1.775bn loan launches with guarantee

    ONGC Videsh, the international arm of India's Oil and Natural Gas Corp, launched its $1.775bn five year term loan last Friday, pricing the transaction at 165bp over dollar Libor.

    • 13 Mar 2014
  • Hopes high for more US$ syndication from Malaysia

    The central bank of Malaysia is in talks with the country's lenders about putting in place new rules to limit bank exposures to domestic borrowers. If implemented, the changes are likely to push Malaysian companies offshore for their funding — and boost their presence in the US dollar loan syndication market, writes Rashmi Kumar.

    • 13 Mar 2014
  • Callcredit launches £218m LBO debt

    Details have emerged of the £217.5m of debt backing Callcredit’s secondary buyout by Chicago-based private equity firm GTCR, after a bank meeting in London on Tuesday.

    • 12 Mar 2014
  • Corporate bond market cries out for deals

    Investors are clamouring for corporate bonds, both investment grade and high yield, but issuance is just not coming fast enough.

    • 12 Mar 2014
  • Cita digs up $330m one year

    Indonesia’s Cita Mineral Investindo has sealed a loan of $330m to go towards the construction of an aluminium smelter in Kalimantan.

    • 12 Mar 2014
  • Chailease closes loan at NT$5.05bn

    Taiwan’s Chailease International Finance Corp has closed syndication of its loan after nine banks came on board the deal, allowing the borrower to raise the final loan size marginally to NT$5.05bn ($166m).

    • 12 Mar 2014
  • Ceva unveils cov-lite debt with pricing premium on euros

    Ceva Sante Animale launched an €818m transatlantic loan package on Monday, as it seeks to refinance the capital structure it set up in 2007.

    • 11 Mar 2014
  • Callcredit launches LBO loan package

    UK consumer data and software provider Callcredit will present a leveraged loan package backing its secondary buy-out by GTCR at a bank meeting on Tuesday afternoon.

    • 11 Mar 2014
  • Hope for Malaysia offshore loan vols as central bank mulls changes

    The central bank of Malaysia is in talks with lenders operating in the country about putting into effect new rules to limit banks’ exposure to domestic borrowers. If implemented, the changes are likely to push Malaysian companies offshore — and boost their presence in the US dollar loan syndication market, say bankers.

    • 11 Mar 2014
  • Zhongwang to extract $500m loan this week

    Aluminium manufacturer China Zhongwang Holdings is seeking a $500m three year loan, expected to launch into syndication this week via a group of six banks.

    • 11 Mar 2014
  • Grifols prices $4.8bn of euro and dollar loans at 300bp over

    Spanish pharmaceutical company Grifols has cut the traditional euro premium on its new $4.8bn-equivalent refinancing loan package to achieve identical margins on the euro and dollar drawn tranches.

    • 10 Mar 2014
  • S&P predicts 3.6% defaults for levfin, as long as rates stay low

    An increase in the number of defaults among European companies rated by Standard and Poors last year should be seen in the context of a substantial increase in the number of companies it publicly rated, the agency said.

    • 10 Mar 2014
  • IG loan market hopes for good news as Bouygues sharpens SFR bid

    French mobile telecoms firm Bouygues strengthened its €10.5bn-plus acquisition offer for domestic rival SFR on Sunday, as it announced plans to sell part of its network to Iliad if its bid proves successful.

    • 10 Mar 2014
  • TCCI to go clubbing for $1bn over syndication

    Taiwan Cement Corp International (TCCI), which is seeking a $1bn loan to refinance a bridge from November last year, is expected to close the deal via a club rather than opt for syndication, according to bankers working on the transaction.

    • 10 Mar 2014
  • ANZ names new Australia loan syndications head

    Australia and New Zealand Bank has promoted Robin Dutta to head of loan syndications in Australia, having named him acting head in January.

    • 10 Mar 2014
  • HPCL fires up $500m with juicy 170bp margin

    Hindustan Petroleum Corp opened up its $500m three year into general syndication on the evening of March 7, with bankers away from the deal already keen to lap up the transaction thanks to the juicy margin on offer.

    • 10 Mar 2014
  • ONGC Videsh $1.775bn loan hits market

    ONGC Videsh, the international arm of India's Oil and Natural Gas Corp, launched its $1.775bn five year term loan on the evening of Friday, March 7, pricing the transaction at 165bp over dollar Libor.

    • 10 Mar 2014
  • Pakistan wraps up second $150m loan

    The Islamic Republic of Pakistan has signed its $150m 18 month loan, while still keeping syndication open for more banks to join the transaction.

    • 07 Mar 2014
  • Lenovo seeks $1bn for Motorola acquisition

    Technology company Lenovo Group is seeking roughly $1bn to fund its acquisition of shares in Motorola Mobility, less than three months after it sealed a separate loan of $1.2bn.

    • 07 Mar 2014
  • Grifols retains penchant for dollars in jumbo refi

    Spanish pharmaceutical company Grifols is raising the vast majority of its new $4.8bn-equivalent refinancing loan package in dollars, matching its revenues and retaining a debt structure that will rely more on investors in the US than in Europe.

    • 06 Mar 2014
  • Mezz grows flexible on regions and structures

    Mezzanine and unitranche debt providers are becoming increasingly flexible in the industries and countries they will lend to, as well as the financing structures they participate in, according to delegates at a Euromoney seminar in London on Wednesday.

    • 06 Mar 2014
  • Auction for Diana Ingredients could buck IPO trend

    Five potential buyers are looking at Diana Ingredients, the French natural ingredients maker, as Ardian aims to sell it in a transaction that could be backed by an €800m loan package. If a buyer is found, the deal would show secondary buyouts are still a viable outlet for investment funds, after a burst of IPO exits in recent months.

    • 06 Mar 2014
  • Ceva Santé sets date for transatlantic debt launch

    French veterinary vaccines maker Ceva Sante Animale will begin to market a €700m-equivalent refinancing term loan at bank meetings next week.

    • 06 Mar 2014
  • French M&A returns as Vivendi weighs up options for SFR sale

    Big M&A financing has stormed back into Europe this week after two bidders emerged for French mobile phone operator SFR, owned by Vivendi. The bids will need debt packages of around €12bn.

    • 06 Mar 2014
  • Indian loans in brief, March 7, 2014

    India’s Minacs seeks $150m LBO loan - Tata motors to $600m

    • 06 Mar 2014
  • Bharat Petroleum ups loan to $300m ahead of general as BTMU hops aboard for MLAB role

    Bharat Petroleum Corp launched its $300m three year loan into general syndication on Wednesday, with the original leads managing to rope in one more bank at the top level before opening to the market, while also increasing the size from the original $250m.

    • 06 Mar 2014
  • Adira Dinamika opens for $200m in syndication

    Adira Dinamika Multi Finance launched its $200m facility to the market last Friday, pricing the deal at 175bp over dollar Libor — and managing to save 5bp over its previous loan.

    • 06 Mar 2014
  • Banks waiting to press play on Shanda Games’$650m LBO loan

    Chinese company Shanda Games is seeking a leveraged buyout loan of around $650m, after a consortium of controlling shareholder Shanda Interactive Entertainment and Primavera Capital said it was taking the company private.

    • 06 Mar 2014
  • Chailease closing NT$5bn as raise in the works

    Chailease International Finance Corp is expected to wrap up its NT$5bn ($170m) three year loan by the end of this week, as bankers on the deal wait for the last few commitments to roll in.

    • 06 Mar 2014
  • Mezz and unitranche lenders get flexible on regions and structures

    Mezzanine and unitranche debt providers are becoming increasingly flexible in the industries and countries they will lend to, as well as the financing structures they participate in, according to delegates at a Euromoney seminar in London on Tuesday.

    • 05 Mar 2014
  • Five bidders vie for Diana Ingredients LBO, loan coming

    Five potential buyers are looking at Diana Ingredients, the French natural ingredients maker, as Ardian aims to sell it in a transaction that could be backed by an €800m loan package.

    • 05 Mar 2014