Acces Industrie

Target nation: France

Date announced: 18/10/07

Sponsor: Butler Capital Partners

Mandated arranger (s): Natixis

Financing: €100m

Syndication of the €100m loan for Acces Industrie, mandated to Natixis as sole mandated lead arranger, will launch at the end of October. The facility, which has an out-of-the-box margin of 200bp, comprises a seven-year €50m term loan, a seven-year €40m capex line and a five-year €10m revolver. The monies will refinance existing debt and also fund working capital and future investments. Acces Industrie is a French leaser of construction equipment, specialising in aerial lifts and lift trucks. It is majority owned by Butler Capital Partners.

Odeco Group

Target nation: Spain

Date announced: 17/09/07

Sponsor: Quercus Equity

Mandated arranger (s): IKB Deutsche Industriebank

Financing: €58.5m

The €58.5m in senior facilities backing the recapitalisation of Odeco Group, underwritten by and mandated to IKB Deutsche Industriebank, are to launch to Spanish banks. The facilities comprise a seven-year €30m term loan A at 200bp over Euribor; an eight-year €10m term loan B at 250bp over Euribor; a seven-year €3m revolver at 175bp over Euribor; a seven-year €12m amortising acquisition facility paying 200bp, and a seven-year amortising capex line of €3.5m priced at 200bp over Euribor. The senior leverage is 3.5x LTM EBITDA, with the total leverage at 3.8x FY07 EBITDA, including acquistions. Tickets will range in size from €5m to €10m. Odeco, which is a produced of LED-based visual communications systems, was bought by Quercus Equity in 2006.