Triton secures Tyco LBO financing
European private equity group Triton has completed a loan to back its acquisition of water control company Tyco Waterworks Europe. Commerzbank acted as sole global coordinator for the club of banks that provided the financing.
The loans are made up of senior debt financing only.
The acquisition was first announced in July. The newly formed company will be known as Talis Group and has an enterprise value of around $245m.The business provides products and services for water markets across the world under brand ...