Wed 07/13/2022 12:42 PM
Groupe Simago sale process update from Reorg's EMEA Middle Market team.
BlackRock and Bridgepoint Credit have teamed up to each provide 50% of unitranche debt at 6x net leverage to back Ardian’s acquisition of a minority stake in French radiology management platform Groupe Simago, sources told Reorg. Simago reached a valuation multiple of 15x EBITDA, they added.
The deal includes the option to add a further turn of leverage to up to 7x, which could include a PIK down the line,...
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