Doughty Hanson secures £205m debt package for ASCO

The senior debt was provided by a club of mandated lead arrangers, including Bank of Ireland, DNB, GE Capital, HSBC, ING, Investec, Lloyds, NIBC, and RBS. It is understood that the package includes a c£75m provision for acquisitions and investments in systems and infrastructure.

Doughty Hanson acquired ASCO from Phoenix Equity Partners in an all-equity SBO at the end of last year. The deal was believed to be valued at £250m, which would equate to 8.5x ASCO's £29.2m EBITDA.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Financing
• Doughty Hanson & Co
• Senior debt
• Refinancing