Greek HY returns for LBO of S&B Minerals

By Stefanie Linhardt
25 Jul 2013

Greek debt is back in the high yield market, after the recent flurry of peripheral European deal announcements. S&B Industrial Minerals, the Greek miner and ore processor, is looking for €275m of senior secured notes, while five Italian debut issuers were also vying for investors’ attention.

Private equity firm Rhône Capital and the Kyriacopoulos family took formerly Athens-listed S&B private at the end of June, when they acquired all its shares in a tender offer and squeeze-out. 

The Kyriacopoulos family maintained its previous shareholding of 61%, while Rhône Capital now holds 39%. Rhône paid ...

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