Bain to finance Maisons du Monde LBO with HY bond
Bain Capital is seeking to sell a high yield bond for its planned takeover of Maisons du Monde. The US private equity firm has entered into exclusive negotiations to buy the French furniture retailer for close to €650m.
The bond financing is expected to be launched as early as July, according to a source, when the takeover is also likely to close.Commerzbank, Credit Suisse and Natixis will arrange the financing with debt of around four times Ebitda. At around €75m-€80m of Ebitda, the bond could ...
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