Wed 08/17/2022 08:05 AM
Incumbent lender Barings has teamed up with new lender Park Square and granted a unitranche and an acquisition line leveraged at below 5x to support Astorg’s acquisition of Belgian provider of insulation products and services IPCOM, sources told Reorg.
The company reached a valuation multiple of north of 10x and was marketed off EBITDA of €50 million to €56 million, sources added.
The deal was previously proposed to be all-equity after leverage levels were tightened to 4.25x from an
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2023 Reorg Research, Inc. All rights reserved.