Vita Group restructures debt obligations through injections of funds by TPG and certain members of Vita’s existing lender group

April 2009

Deal Size: €95m

Lenders to UK chemicals group British Vita have agreed a debt for equity deal that will see its current owner TPG and lenders inject extra cash into the company, a person close to the company said. Under the agreement TPG and a number of lenders will inject 95 million euros ($123 million) into the company in exchange for a cut in its debt from 663 million euros to around 100 million euros, the source said.

Reuters full article

Deal Categories: Chemicals, Materials

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