UK buy-out may be fishing for monster mezzanine

By Euan Hagger

Tuesday, June 19, 2012

Mezzanine lenders are talking up the likelihood of a big ticket transaction to back the buy-out of a UK company

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

Comment by: Anonymous. Posted 11 years ago [2012-06-21 01:22:13]

Regardless of how stable the cash flow of Birds Eye may be, this deal strikes me as overly aggressive. The contemplated yields of 13-14% would be good for equity return. If equity wouldn't sell in this market, why expect the investors would settle for the debt (with no upside)?

CLOs

more stories...