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Cerba mandates banks but multiples crippling buyouts

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By Max Bower
31 Jan 2017

Five banks have lined up to underwrite a loan and bridge financing to laboratory services operator Cerba Healthcare for PSP Investment’s secondary buyout of the French firm. But the deal comes as Fitch said on Tuesday that buyout multiples have hit a post-crisis high.

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By Max Bower
31 Jan 2017