×
1 868
Fashion Jobs
TK MAXX
Loss Prevention Officer - tk Maxx Bristol
Permanent · Bristol
LONDON CONTOUR EXPERTS
Marketing Executive/Junior Manager
Permanent · LONDON
ESTÉE LAUDER
Tom Ford - Business Manager - Flannels - Fosse Park, Leicester - 37.5 Hours - Full-Time - Permanent
Permanent · Leicester
VF INTERNATIONAL
International Account Coordinator - Ftc 12 Month
Permanent · NOTTINGHAM
TIMBERLAND
Credit Controller - German Speaking - Timberland
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - French Speaking - The North Face
Permanent · CALVERTON
PINKO
Supervisor
Permanent · MANCHESTER
RALPH LAUREN
Operations Manager
Permanent · Cheshire
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis - 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Maidstone - 15 Hours - Part Time, Permanent
Permanent · Maidstone
ESTÉE LAUDER
Clinique - Consultant - Boots, Princes Street, Edinburgh - 14 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
HUGO BOSS
Wholesale - Senior Sales Executive - Hugo Womenswear
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Edinburgh - 16 Hours - Part Time, Permanent
Permanent · Edinburgh
SHISEIDO
Marketing Director - Shiseido, Clé de Peau Beauté, Drunk Elephant
Permanent · London
REISS
Buying Admin Assistant
Permanent · LONDON
Advertisements
By
Reuters
Published
Jun 29, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Thom Europe launches €760m dividend recap after failed sale

By
Reuters
Published
Jun 29, 2017

Jewellery retailer Thom Europe has launched €760m of leveraged loans to refinance existing bonds and pay a dividend to shareholders, it announced on Thursday.


Thom Europe - Thom Europe



The financing launched after a failed attempt to sell the business, banking sources said.

Thom, which is majority owned by private equity firm Bridgepoint alongside France-based Apax, hired Rothschild and Goldman Sachs for a dual-track sale or IPO process last year, valuing the company at around €1bn.

An exit via a sale was the focus and an auction process kicked off in February 2017.

However, after failing to strike an agreement with a buyer, shareholders are now set to extract value with a dividend payment of around €100m, the sources said.

The loan comprises a €670m term loan B and a €90m revolving credit facility and will refinance €536.8m of existing senior secured notes due 2019, the announcement said.

BNP Paribas, ING, JP Morgan, Societe Generale and UniCredit are leading the dividend recapitalisation and a bank meeting is set to take place on Monday to show the details to investors, when full details of the financing, such as pricing will emerge, the sources said.

Created from the 2010 merger of French chains Histoire d'Or and Marc Orian, Thom Europe purchased Italy's Stroili and Germany's Oro Vivo last year.
 

© Thomson Reuters 2021 All rights reserved.