Vivendi Universal Publishing (VUP)

UBS Warburg, which provided a EUR 608.5m senior debt package for the recent buyout of VUP, is in the process of syndication. The debt, of which EUR 316m has been earmarked for the healthcare titles and EUR 292m for the business publishing arm of VUP, is to be reimbursed over a seven- to nine-year period at a rate of 2.25-3.25% above Euribor. Aprovia (the new name for the business publishing arm) employs 1,607 staff and generated an EBITDA of EUR 54.1m on a turnover of EUR 328.6m last year, while MediMedia (healthcare titles) generated an EBITDA of EUR 60.6m on a turnover of EUR 464.5m.

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• Topics
• France
• Healthcare