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Apax Lines Up About €1 Billion Debt to Buy Gerresheimer Units

Source: Bloomberg

M&A & RestructuringCorporate Guidance & OutlookCredit & Bond MarketsCompany Fundamentals

Bankers are lining up roughly €1.0B ($1.2B) of debt financing to support Apax Partners’ acquisition of two businesses from Gerresheimer AG. The deal implies meaningful leverage/backing for the buyout but no explicit guidance or operating impact was provided in the news snippet.

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