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GC Asia
Sponsors serve up DEB, Sebia and Ambea secondary buy-outs
The final round of bids are due in on Thursday for the buy-out of skin care product maker DEB Group, said market participants, in one of three secondary deals attracting attention in the leveraged loan market.
Two trade buyers and private equity firm Charterhouse are in the running to buy DEB. Lloyds Banking Group is arranging the financing supporting Charterhouse’s bid, according to an investor and a loans banker. The debt package is likely to be between £120m and £140m.
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