Cinven and Goldman ready to sell Ahlsell to CVC
Cinven and Goldman Sachs Capital Partners are set to sell Swedish tool supplier Ahlsell to CVC Capital Partners.
Cinven and Goldman bought Ahlsell in 2006 for almost €1.3bn from Nordic Capital. A tertiary buyout by CVC would give a company value of €1.8bn including debt. The debt is thought to be a SEK 5.4bn term loan B.
It is thought CVC would need to seek up to SEK 9.5bn of debt to finance the deal.
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