Thu 09/30/2021 09:08 AM
Direct lenders and sponsors are competing to back the sale of French producer of pharmaceutical hyaluronic acid HTL Biotechnology, which has been marketed off EBITDA of about €50 million and is expecting valuation multiples as high as 20x to 30x, sources told Reorg.
The company’s existing lenders include Arcmont, Barings, Bridgepoint and Eurazeo Private Debt, sources said. Some of these lenders are considering providing debt at 8x leverage including a unitranche at 7x and PIK
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