Thu 01/13/2022 09:22 AM
TB Auctions M&A Financing Update. Permira Credit has provided a unitranche facility leveraged at about 6x to support German private equity firm Castik Capital’s
acquisition of Dutch online auction house TB Auctions, sources told Reorg.
The company was marketed off €16 million of EBITDA and reached an enterprise value multiple of 15x, sources said.
TB Auctions acquired Belgian online auction house Vavato in November. Vavato had about €65 million net annual action sales in 2021,...
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.