NETHERLANDS - Wendel's Stahl completes restructuring

The balance of the equity will be held jointly by second lien and mezz lenders, which have written down their debt by EUR 28m and EUR 64m respectively, alongside management.

In 2002, Investcorp acquired Stahl from Avecia Group in a deal valued at EUR 375m. In 2006, the Carlyle Group and Oranje-Nassau Groep, an affiliate wholly owned by Wendel Investissement, acquired the business for approximately EUR 520m. The equity invested by the consortium amounted to approximately EUR 160m, with both parties investing on an equal basis.

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• Topics
• Restructuring
• Benelux