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Advent preps €3bn Irca sale as financing talks open

privateequitywire

5 months ago

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Advent International is preparing to launch the sale of Italian industrial confectionery group Irca SpA, in a transaction that could value the business at around €3bn, as lenders begin lining up financing for a potential buyout, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as revealing that UBS and Rothschild are advising on the process, which is expected to be launched later this quarter.
The potential exit would add to a growing European M&A...

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