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.

  • 06 Jan 2012
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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3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

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