Nine back Ipsos’s €250m loan for Synovate takeover

26 Jul 2011

Nine banks are arranging a new €250m debt facility for France’s Ipsos to back its £525m (€595m) acquisition of market research firm Synovate from Aegis.

Barclays Corporate, BNP Paribas, Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile de France, Crédit Agricole, Crédit Lyonnais, CM-CIC, HSBC, Société Générale and UBS arranged the financing for the French advertising firm.

A further €200m will be raised through a rights issue to Ipsos’ shareholders, and the ...

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