Richemont carries off backstop as it takes over Net-A-Porter

Michael Turner

January 31, 2018 04:45 pm

Alps_PA_230x150 — A Swiss flag sways on a pole in the Wallis mountain region on top of the Eggishorn mountain near Fiesch, Switzerland, 6 February 2014. The people of Siwtzerland have voted in a referendum on the popular initiaitve to cap immigration from EU countries on 9 February 2014. Photo: Ralf Hirschberger/dpa | Ralf Hirschberger/DPA/PA Images

Luxury goods group Compagnie Financière Richemont has entered into a backstop loan agreement as part of its all-cash bid for the rest of internet retailer Yoox Net-A-Porter (YNAP) that it does not already own.

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Topics

Switzerland Syndicated Loans Europe Investment Grade Loans EMEA Goldman Sachs

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Michael Turner