GERMANY - Commerzbank takes MLA role on Norma buyout
Commerzbank Corporates and Markets (CBCM) has announced today that it is acting as sole mandated lead arranger and underwriter of the senior and mezzanine debt facilities supporting the buyout of Norma Group by 3i. The financing documentation was signed on 20 March 2006. Funding and closing of the transaction is scheduled for April 2006. CBCM has fully underwritten the debt amount and plans to launch a targeted syndication following the closing of the deal in April.
Founded in 1949, Rasmussen GmbH, with its headquarters in Maintal near Frankfurt am Main, has developed into the Norma Group, the world's leading systems manufacturer in the connection technology sector for all industrial areas. Group subsidiaries are operating today in Australia, China, England, France, Poland, Spain, Singapore and the USA with a total work force of approximately 1,500 employees (of which 670 are in Maintal near Frankfurt and 110 in Gerbershausen/Thuringia). The continually expanding network of NORMA distributors and representatives is spread over 40 countries worldwide. For 2005, a Group turnover of EUR 244m is expected. Approximately 50% of these sales have been generated abroad.
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