...- On July 16, 2024, private equity firm Ardian entered in exclusive discussions with Hameur Group to acquire a 51% stake in kitchen benchtop equipment manufacturers Robot Coupe and Magimix, which jointly generated 314 million revenues in 2023, through the holding Umami TopCo S.A. - The transaction, expected to close at end-2024, will be financed through a 675 million senior secured term loan issuance, to be raised by two fully controlled subsidiaries of Umami TopCo: Umami BidCo S.a.r.l. will raise a 500 million euro-denominated term loan B (TLB), and a U.S. entity (yet to be incorporated) will raise a 175 million U.S. dollar-denominated TLB. The structure also includes a 125 million committed revolving credit facility (RCF) ranking pari passu to the TLB, undrawn at closing. - Umami TopCo, through its main brands Robot Coupe and Magimix, is a market leader in different geographies, operates across the entire value chain, and is well-placed to benefit from industry growth dynamics. Robot...
