Goldman Sachs, Royal Bank of Canada and Merrill Lynch are scheduled to launch syndication today for the $110 million "B" loan backing the acquisition of MAAX. The pro rata portion of the deal launched in Canada two weeks ago and comprises a C$50 million revolver and C$130 million "A" loan.
Goldman is running the book on the "B" loan and RBC is running the pro rata books.
Denis Aubin, MAAX's cfo, declined to comment on price talk. A sponsor group formed by J.W. Childs Associates, Borealis Capital Corp., and OMERS Merchant Banking Group is acquiring the bathroom fixtures maker. Steven Segal, a partner with J.W. Childs, did not return calls. Bankers from all three banks either did not return calls or declined comment.