Debt market fizzy for champagne deal
Article Abstract:
Warburg Dillon Read was co-lead arranger for the acquisition debt financing for the purchase of G.H. Mumm & Cie and Champagne Perrier-Jouet from Seagram by investment firm Hicks, Muse, Tate & Furst. The first talks about the sale of the Mumm and Perrier-Jouet brands began in 1998. The deal included a stock of more than 30 million bottles, along with the large vineyards of the two champagne houses. The acquisition debt was structured at two levels. The first was structured at the level of the operating companies and was secured on the brand names, the receivables for the working capital facilities and warrants over the stock of champagne. The second level of debt was structured at the holding company level.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 2000
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A deal won under fierce competition
Article Abstract:
Deutsche Bank played an instrumental part in arranging the financial structure of Hicks, Muse, Tate & Furst's $1.5 billion acquisition of Hillsdown Holdings. The competition for the acquisition was extremely tough, with the original bid being raised from 127 pence per share to 147 pence per share to ensure success. Hicks, Muse Tate & Furst operate a strategy of joint partnership working when it comes to acquiring new ventures through structured finance.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
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Tufton Capital completes deal of special vintage
Article Abstract:
Investments conglomerate Tufton Capital has invested in French wine operation Janson because it is confident that the company is being expertly managed and has a bright future. The company invests 2.5 million pounds sterling on average per annum in several businesses. It is building up a group of businesses which feature assets more prominently than employees.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1997
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