Safetykleen launches another LBO to red hot market
Safetykleen Europe, the surface treatment and chemical application services provider, has led a group of smaller new money deals to market this week. It held a bank meeting on Wednesday in London for its €455m seven year term loan ‘B’, backing Apax’s buyout from Warburg Pincus.
Apax announced the acquisition last month and is expected to close in the third quarter.The deal joins a burst of buyout loans that have come to market in the ...
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