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.