South Beauty seeks $150m acquisition financing

Bank of America Merrill Lynch is arranging a loan of between $130m and $150m to back CVC Capital Partners’ acquisition of Chinese restaurant chain South Beauty, and is underwriting the entire financing.

  • By Rashmi Kumar
  • 04 Nov 2013

The tenor is undecided but will be either three years or five years, according to a banker away from the transaction.

Banks can join with tickets of $50m or more, $30m-$50m, or a minimum commitment of at least $20m, added the banker.

Loans bankers at the ...

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