Target name: AMEC SPIE
Target nation: FRANCE
Date announced: 22/05/06
Deal type: LBO
Acquirer (s): PAI Partners
Total value: €1bn
Mandated arranger (s): SG
Financing: €960m
Senior syndication of the €960m loan backing PAI Partners’ LBO of engineering group AMEC SPIE has wrapped up, via co-ordinating bookrunner SG and bookrunner BNP Paribas. ABN AMRO, ING and Natexis Banques Populaires joined as joint lead arrangers. Debt is split between an €810m senior facility, a €50m second lien tranche and €100m in mezzanine debt. General syndication will launch in September.