UNQUOTE

UK - Duke Street refinances Accantia with £120m package

  • sarah
  • LinkedIn  
  • Google plus  

Duke Street Capital has completed the refinancing of portfolio company Accantia Health & Beauty Ltd in a package worth up to ТЃ120m. The recapitalisation of the company behind the Simple skincare brand comes just four months after DSC sold Lil-lets, the feminine hygiene division of the business to Electra Partners in an ТЃ80m deal. The new debt package was underwritten by Bank of Scotland.

DSC backed the £225m buyout of Accantia in November 2003 from ABN AMRO Capital. The deal involved a £150m debt facility and followed an unsolicited bid by DSC. Since the acquisition, DSC has developed the company from a manufacturing business to a sales and marketing operation. Brand sales of Simple are currently increasing at a rate of 17% per year. With a new financing package in place, Accantia anticipates growth through further product development and overseas expansion.
  • LinkedIn  
  • Google plus  

More on Exits

Latest News