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LBO France-backed Labeyrie Fine Foods completes oversubscribed €275m offering

25 Mar 2014

euros_lrgPrivate equity firm LBO France-backed French food group Labeyrie Fine Foods has recently completed a €275m refinancing.

Labeyre issued senior notes maturing in 2021 with a coupon of 5.625 per cent.

Proceeds from the offering, which was more than 15 times oversubscribed, will help the company repay its debts.

In the meantime, LBO has recently completed a €175m dividend recapitalisation of another portfolio company, Exxelia-Eurofarad Group, which makes components such as capacitors, filters and sensors.

Last month LBO France exited aerospace engineering service provider Sonovision Group to French industrial services group Ortec for a return of 2.1 times.

 

 

 

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