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