Sunrise launches largest LBO since 2008

September 22, 2010 12:00 am

Private Equity Firm CVC launched the biggest European LBO since 2008 with its Sfr3.3bn purchase of Sunrise, the largest private telecoms firm in Switzerland. The deal consists of Sfr1.07bn of loans and Sfr1.475 of high yield bonds. Deutsche Bank, Société Générale, UBS and UniCredit are bookrunners for both products. Syndication is expected to follow in the coming weeks. Read EuroWeek on Friday for information on pricing, how leveraged loans bankers think the deal will fair and which deal is launching next.

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