Tue 08/02/2022 12:32 PM
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Relevant Document:
FY’21 Results (in French)

Ardian and Hayfin have clubbed together to provide a seven-year €120 million unitranche bond including a holdco PIK to support Adagia Partners’ acquisition of French distributor of dental prosthetic devices Minlay Group. The debt package was leveraged at 5.8x with a 6.3% margin, from a range of 6% to 6.5% initially, sources told Reorg.

The financing includes an additional undrawn capex line of €20 million, sources said. The PIK will...
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