IFLR1000

Lone Star Funds acquisition of Balta Group

16/6/2015
Acquisition finance, High-yield bond/note issue, Private acquisition
Select tab

Completed

16/6/2015

Overview:

  • Lone Star Funds has acquired Balta Group for an undisclosed amount from Doughty Hanson.
  • Balta is a European carpets and rugs manufacturer with 3300 employees across Belgium and Turkey.
  • Doughty Hanson had held a 70% stake.
  • The deal was funded through a €330 million in bank/bond financing consisting of senior secured notes and a super-senior revolving facility provided by Deutsche Bank, Barclays, Credit Suisse, ING and KBC Bank.

Sam Duke - Editor

Jurisdictions:

Belgium
Luxembourg

Deal types:

Acquisition finance
High-yield bond/note issue
Private acquisition

Practice areas:

Private equity
M&A

Industry sectors:

Consumer goods and services
Industrials and manufacturing

Firms:
A&O Shearman

Party: Lone Star Funds (Acquirer, Issuer)

Lawyer: Kevin Muzilla

Debevoise & Plimpton

Party: Balta Group (Management)

Lawyer: David Innes

Elvinger Hoss Prussen

Party: Deutsche Bank AG Na ON (Arranger)

Party: Barclays (Arranger)

Party: Credit Suisse (Arranger)

Party: ING (Arranger)

Party: KBC Bank (Arranger)

Lawyers: Linda Funck, Philippe Prussen

Latham & Watkins

Party: Barclays (Arranger)

Party: Deutsche Bank AG Na ON (Arranger)

Party: Credit Suisse (Arranger)

Party: ING (Arranger)

Party: KBC Bank (Arranger)

Lawyer: Dan Maze

Related deals