Euro investors drive Skin Health buyout loan tighter

Nestle 230x150
By Owen Sanderson
18 Jul 2019

Euro investors gave the buyout debt for EQT and Abu Dhabi Investment Authority’s purchase of Nestlé Skin Health a particularly strong reception. Driving pricing through 400bp despite the high leverage on the deal.

The strong demand in syndication underlines the bifurcation in the leveraged finance market this year, where companies seen as defensive and diversified tend to fly while cyclical and concentred assets struggle.

The buyout debt for specialty chemicals company Evonik failed to clear in general syndication, and had ...

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