Through its wholly-owned subsidiary ECAS, European Capital has made a EUR 28m mezzanine investment into International Electronics and Engineering (IEE), a developer of safety-critical sensing solutions for the automotive industry. The investment supports Apax Partners' recapitalization of IEE, which was arranged and underwritten by Allied Irish Banks.
Sale process saw EBITDA adjustments due to the hygiene product company's increased revenues
Company has raised more than €50m in funding so far.
Holdco plans to file a proposed public buyout offer with French regulator AMF at €90 per share
Submission proposes a bridge funding facility in the form of a convertible loan of up to £5m per company