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Lindorff expected to sell notes backing LBO by Nordic Capital
By Paul A. Harris
Portland, Ore., July 23 – Lindorff Group plans to issue euro-denominated high-yield notes backing the acquisition of the company by Nordic Capital Fund VIII, according to market sources.
The size and timing of the deal remain to be determined.
Deutsche Bank and Goldman Sachs International are the lead managers.
On July 18 it was announced that Nordic Capital would acquire Lindorff from Investor AB and Altor. The total enterprise value is €2.1 billion, in addition to which a €200 million performance-based shareholder note will be refinanced.
Lindorff is an Oslo, Norway-based provider of financial information and services.
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