-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueThe Growing Industry
In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
The Sustainability Issue
Sustainability is one of the most widely used terms in business today, especially for electronics and manufacturing but what does it mean to you? We explore the environmental, business, and economic impacts.
The Fabricator’s Guide to IPC APEX EXPO
This issue previews many of the important events taking place at this year's show and highlights some changes and opportunities. So, buckle up. We are counting down to IPC APEX EXPO 2024.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
ICAPE Group Announces the Completion of €47 Million Financing Package, Including €41 Million Senior Debt and €6 Million Recovery Bond
December 25, 2023 | ICAPE GroupEstimated reading time: 1 minute
ICAPE Group, a global technology distributor of printed circuit boards (PCB), announced the successful completion of a financing package with a pool of nine European banks, as well as the issuance of Recovery Bonds.
Arnaud Le Coguic, Chief Financial Officer of ICAPE Group, stated: "I would like to thank all our banking partners for their confidence in our project. The successful implementation of this financing in an adverse economic environment underlines both the financial strength and the value proposition of our Group. The additional resources granted will enable us to reinforce our dynamic of aggressive external growth in the short and medium term, in line with our strategy.”
The financing operation consists of a Refinancing Loan for a total amount of €21 million (including three tranches of respectively €15.3 million to be amortized, €2.7 million in fine and €3.0 million in fine) and a €40 million external growth credit facility, of which €20 million are confirmed (including two tranches of respectively €17.0 million to be amortized, €3.0 million in fine).
TP ICAP Midcap was the exclusive financial advisor to ICAPE Group and Caisse Régionale de Crédit Agricole Mutuel de Paris et d’Ile-de-France acted as coordinator of the transaction and credit agent. Banque Palatine, Banque Populaire Rives de Paris and HSBC Continental Europe were mandated arrangers. The banking pool is composed of 9 lenders: Banque Palatine, Banque Populaire Rives de Paris, BNP Paribas, Caisse Régionale de Crédit Agricole Mutuel de Paris et d’Ile-de-France, Crédit Industriel et Commercial, Crédit Lyonnais, HSBC Continental Europe, Landesbank Saar and Tikehau Capital.
Peltier Juvigny Marpeau & Associés advised ICAPE Group on debt and bond issues, and Mermoz Avocats advised the banking pool.
€6 million of Recovery Bonds were subscribed by the Obligations Relance France fund (an investment fund managed by Tikehau Capital) and by the Obligations Relance France – Tikehau Capital fund.
De Gaulle Fleurance acted as advisor to Tikehau Capital.
Suggested Items
PC Client CPU Shipments in 1Q24 Up 33% YoY
05/10/2024 | Jon Peddie ResearchJon Peddie Research reports the growth of the global PC client-based CPU units market reached 62 million units in Q1’24, a decrease of -9.4% quarter to quarter and a 33% growth from Q1’23.
MKS Instruments Reports Q1 2024 Financial Results
05/09/2024 | MKS Instruments, Inc.MKS Instruments, Inc., a global provider of enabling technologies that transform our world, reported first quarter 2024 financial results.
Punching Out: Breaking Out of the Valuation Box
05/09/2024 | Tom Kastner -- Column: Punching Out!Most companies are in a “valuation box.” That is, the value of the company, based on a market multiple, is not equal to the value of the assets. Or worse, once debt is paid off, the net proceeds would actually be negative. Here are some tips for getting out of the box.
Incap Releases Unaudited Business Review for January–March 2024
05/08/2024 | IncapRevenue for the first quarter 2024 amounted to EUR 51.4 million (1–3/2023: EUR 72.2 million). Year-on-year the revenue decreased 29.3%, as expected.
Schweizer Electronic: Business Development in Q1 2024
05/08/2024 | Schweizer Electronic AGThe sales of the SCHWEIZER Group amounted to EUR 39.2 million in the first quarter of 2024 (Q1 2023: EUR 37.1 million). This corresponds to an increase of +5.5 percent compared to the same quarter of the previous year.