Banks eye LBO for CPA Global as LevFin appetite stays strong
Leveraged finance bankers are working on financing packages to back the potential buy-out of ICG’s patent management group CPA Global.
The business has Ebitda of £70m-£80m, and bankers said an all-senior debt package of 4.25-4.5 times leverage was being talked about which would mean a loan of £300m-£360m. However, one sponsor is understood to be considering a senior and mezzanine structure, which would push total leverage to ...
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