Magnum acquires EUR200m Pretersa-Prenavisa stake

Magnum Capital acquired an 80% stake in industrial support services Pretersa-Prenavisa in a leverage buyout valued at EUR200m.

The debt structure involved a 1:2 equity-to-debt ratio which was secured through a club deal. Royal Bank of Scotland, Spanish bank La Caixa, and two Portuguese institutions, Banco Espirito Santo and Caixa Geral de Depositos, all took part in the debt package. Magnum had exclusivity after a limited auction led by Socios Financieros. (Page 26).

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