UK - HSBC backs £77m SBO of Britton Group
HSBC Private Equity has acquired plastic packaging manufacturer Britton Group from LDC for ТЃ77m.
HSBC Leveraged Finance arranged and underwrote a debt package comprising senior and mezzanine facilities. Mahmoud Atalla led the deal for HSBC Private Equity and joins the board.
LDC backed the £42m buyout of the company in 2004.
Britton Group is based in Cheshire and employs 657 staff.
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