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
...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
