€150m acquisition financing by GVS S.p.A.
In September, GVS closed the cross-border acquisition of The Respiratory Protection Brand ("RPB"), a leading US-based designer and producer of respiratory protection equipment for a total consideration of $194m, including the max potential earn-out (EV/EBITDA of ~12x).
The acquisition was supported by a €150m club deal financing led by Mediobanca as Sole Global Coordinator and structured as 5-year term loan to be switch into an ESG linked facility at borrower’s discretion after signing. The facility would be the first sustainability linked financing for the Group.
The transaction further reaffirms and consolidates Mediobanca trustful and successful business relationship with GVS and its shareholders built over the last years, having supported the Group throughout all the relevant debt transactions executed as well for GVS IPO in Jun-20.