Eurazeo adds Spanish flavour with Iberchem

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By Victor Jimenez
08 Aug 2017

Eurazeo, the private equity firm, is offering a loan to fund the leveraged buyout of Spain’s Iberchem, a fragrance and flavour maker, from Magnum Capital.

Since Eurazeo announced the acquisition of a 70% controlling stake in Iberchem for €405m on July 3, there has been little disclosure on the timing of funding.

Eurazeo said it is investing €270m, while Iberchem is marketing a €124m seven year term loan ‘B’ with guidance at 425bp ...

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