Fri 04/23/2021 11:47 AM
Shareholders of French IT consulting company Astek have approached banks and direct lenders ahead of a sale process to leverage the company and cash out the proceeds, sources told Reorg. The process is in its early stages and leverage levels are expected to be in 3.5x to 4.5x range.
The company is being marketed off a 2020 EBITDA of €25 million, sources said.
In 2019, direct lender Tikehau provided a €95 million unitranche financing to support the company’s development and to enable it to...
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 © 2024 Reorg Research, Inc. All rights reserved.