Refinancings arranged in February

Sports Group

Target nation: Germany

Date announced: 28/01/08

Sponsor: Industri Kapital

Mandated arranger: Dresdner Kleinwort

Financing: €225.7m

Bookrunner Dresdner Kleinwort has closed an add-on facility for German outdoor sport and recreational surface system provider Sports Group. The €225.7m deal closed oversubscribed.

The facility is split between a €43.1m five-and-a-half-year amortising term loan A, a €33.8m six-and-a-half-year term loan B, a €33.8m seven-and-a-half-year bullet term loan C, a €40m five-and-a-half-year revolver and €45m five-and-half-year acquisition facility and a €30m mezzanine facility.

In 2006 Dresdner Kleinwort signed €179m of debt facilities backing Industri Kapital‘s acquisition of Sport Group, followed by an add-on deal later the same year. Proceeds from the latest deal will support a planned acquisition of a US target.