While deals leveraged at more than 6x are still in the minority, debt advisory firm Marlborough Partners has warned that the current scope of the ECB leverage guidelines could end up impacting transactions with more modest levels of term debt.
Austria-based electrical engineering company had filed for insolvency in April 2020
VC house expects to hold a €35-45m first close by the end of July and a final close in around one year
LPs in Exponent III include Aberdeen Standard Investments, Central Pension Fund and CNP Assurances
Company has generated €12m in revenues and has a 25% EBITDA margin