Thu 08/26/2021 06:26 AM
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Private equity firms and lenders are monitoring the sale of Carlyle-backed Spanish natural slate producer Cupa as it prepares to receive non-binding offers next month, sources told Reorg. The information memoranda have been distributed.

Morgan Stanley is advising on the sale and has marketed the company at pro forma EBITDA in 2021 of €95 million, which includes adjustments, sources said. The asset is targeting a valuation in the €855 million to €950 million range, based on an
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