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(LON) CapVest backs Scandza buy with $165M in senior facilities, closes recapitalization

December 19, 2014

December 19, 2014 - European middle market private equity firm CapVest is backing its acquisition of Nordic consumer products company Scandza with $165 million (NOK1.215 billion) in senior facilities which was signed on Dec. 20, the companies said in a press release.

CapVest also raised $91 million (NOK667.6 million) of additional senior debt to recapitalise Scandza after strong organic growth and growth from acquisitions. The proceeds will be partly distributed to the shareholders and will also enable further development of the company.

The amendment and restatement was signed on Dec. 12 with lenders including agent and co-ordinator Bank ASA, Skandinaviska Enskilda Banken AB, Bank of Ireland, CORDET, Rabobank and Societe Generale.


By: Karen Schwartz
ThomsonReuters
December 19, 2014

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CapVest backs Scandza .pdf