GC Asia
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.
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.
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