Credit Suisse First Boston, Goldman Sachs and UBS will be bringing a senior debt package to back Kohlberg Kravis Roberts & Co. and CSFB Private Equity's acquisition of four chemical units of Dynamit Nobel.
The private equity firms are paying E2.25 billion and the acquisition will be done through KKR's portfolio company Rockwood Specialties. Dynamit is the chemical arm of mg technologies. The breakdown of the senior debt has not been determined and a KKR spokesman declined comment. The debt will be sold in the U.S. and Europe. UBS and CSFB are acting as joint lead arrangers and joint bookrunners, a banker said. Goldman will be a non-bookrunning joint lead arranger, she added.
KKR also tapped CSFB and Citibank to lead the financing backing its acquisition of PanAmSat Corp from The DIRECTV Group. The transaction, valued at $4.3 billion, includes the assumption of about $750 million of debt.