IKB Deutsche Industriebank (IKB) and Investec Bank (Investec) have underwritten a EUR121 million senior debt financing package to support Ergon Capital Partners’ III (Ergon) acquisition of Keesing Media Group (KMG) out of publicly listed parent Telegraaf Media Group (TMG).
IKB and Investec co-arranged the senior facilities which consisted of term loans, capex/acquisition facilities and an RCF. ING and Rabobank join as early-bird Mandated Lead Arrangers (MLAs) with KBC as Joint Lead Arranger completing the bank line-up.
KMG is the market leader and largest publisher of puzzle magazines in Europe including number and word puzzles as well as puzzle apps. KMG publishes in 9 languages and sells circa 35 million magazines per annum with sales in France, the Netherlands, Belgium, Denmark, Germany, UK, Spain, Italy, Sweden, Norway and Hungary.
Ergon is a leading mid-market private equity investment firm investing in the Benelux, France, Germany, Italy and Iberia. In its third fund Ergon manages EUR500 million of assets.
