Consumer goods: Glassware producer

Company overview:

• Specialised hosueware manufacturer in CEE
• Producti portfolio includes flexible volumes, shapes and varieties of décor, as well as luxury, unique hand-crafted products

Need description:

• Transaction initiated by PE fund which won a tender and acquired company in a LBO consisting of senior banking debt, CVI bonds financing on holdco level and equity

Investment overview:

• Junior financing for LBO on holdco level
• 4-year maturity
• Interest split into cash and PIK component
• CVI bonds secured by holding company which owns portfolio companies in region and globally

Details

Size: EUR 10 million

Date: 2016

Financing type: junior

Use of proceeds: LBO