Bulletin: Biogroup's Parent CAB Can Absorb Acquisition Of Laborizon - S&P Global Ratings’ Credit Research

Bulletin: Biogroup's Parent CAB Can Absorb Acquisition Of Laborizon

Bulletin: Biogroup's Parent CAB Can Absorb Acquisition Of Laborizon - S&P Global Ratings’ Credit Research
Bulletin: Biogroup's Parent CAB Can Absorb Acquisition Of Laborizon
Published Mar 04, 2020
3 pages (1355 words) — Published Mar 04, 2020
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Abstract:

PARIS (S&P Global Ratings) March 4, 2020--S&P Global Ratings said today that the planned acquisition by Biogroup's parent CAB (B-/Stable/--) of laboratories group Laborizon will not hurt CAB's credit quality. Laborizon operates in France through 105 sites and generated sales of around €140 million in 2019. The acquisition will reinforce the group's market share and support its business position, assuming its smooth integration. CAB plans to use a €57.5 million cash injection from minority shareholder CDPQ, €4 million in cash on the balance sheet, and a €275 million add-on to term loan B to finance this acquisition and pay €11 million of transaction fees. In our base case, we continue to forecast a seamless integration of Laborizon and other recent

  
Brief Excerpt:

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Report Type:

Bulletin

Issuer
CAB
Sector
Global Issuers
Country
France
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Biogroup's Parent CAB Can Absorb Acquisition Of Laborizon" Mar 04, 2020. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Biogroup-s-Parent-CAB-Can-Absorb-Acquisition-Of-Laborizon-2391944>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Biogroup's Parent CAB Can Absorb Acquisition Of Laborizon Mar 04, 2020. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Biogroup-s-Parent-CAB-Can-Absorb-Acquisition-Of-Laborizon-2391944>
  
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