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GC Asia
Cork popped on Searcy’s acquisition loan
Banks have started marketing the sterling loan to fund the acquisition of a stake in Westbury Street Holdings, the parent company of Searcy’s champagne bars and Benugo coffee bars, with a £363m seven year term loan and a £91m eight year second lien on offer.
Goldman Sachs, HSBC, UBS, and Investec are physical bookrunners, with ING and Rabobank as the other bookrunners.
The deal funds the purchase of a majority stake in the group by US sponsor Clayton, Dubilier and Rice, announced at the beginning of the year. ...Please take a trial or subscribe to access this content.
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