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
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