GE Capital, ING, Société Générale and UniCredit are underwriting around Eu295m of senior loans to support private equity firm Cinven’s takeover of German lighting company SLV.
Details surrounding the structure of the debt package are still to be finalised, bankers said.
SLV is based near Aachen and produces residential and technical lighting products. Cinven bought the firm from HgCapital. The enterprise value has not been disclosed.
HgCapital bought SLV in 2007 from the firms founder and