Earlier this month, Colony Capital, Goldman Sachs and OpCapita exited French homeware chain But via a secondary buyout to Clayton, Dubilier & Rice (CD&R) and WM Holding for an estimated €525m. Alice Tchernookova looks back on the exiting shareholders’ work with the business
Sale process saw EBITDA adjustments due to the hygiene product company's increased revenues
Company has raised more than €50m in funding so far.
Holdco plans to file a proposed public buyout offer with French regulator AMF at €90 per share
Submission proposes a bridge funding facility in the form of a convertible loan of up to £5m per company