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New Erste Group Loan Contributes to La Fantana Recapitalization
Politics ♦
Published: August 13, 2013; 16:16 ♦ (Vindobona)
La Fantana, the leading bottler and distributor of water in Romania, announced it has successfully raised EUR 34mn in debt financing. La Fantana is controlled by private equity funds managed by Innova Capital.
New Erste Group Loan Contributes to La Fantana Recapitalization / Picture: © Erste Group / Helmut Lackner
The EUR denominated financing has been provided by Erste Group Bank AG and encompasses term loans and revolving credit facility. The proceeds will be used for refinancing of the existing debt and funding a distribution to shareholders, the package includes also facility to be used for potential bolt-on acquisitions.
’’Innova has proven to be a successful fund manager…
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