GLAS supports IGEA BidCo’s acquisition of Masco Group
GLAS is pleased to see the successful completion of IGEA BidCo S.p.A’s acquisition of Masco Group, a specialist biopharma and life science manufacturing company headquartered in Milan.
GLAS acted as Agent, Security Agent and Noteholder’s Representative on the transaction in support of Ardian.
The acquisition was made through private placement notes, which included senior secured notes, privately placed payment-in-kind notes and an RCF and Guarantee Facility.
The GLAS team in Spain handled this transaction showcasing our growing expertise on transactions in Southern Europe.
About Masco Group
Masco Group is a consortium of specialist companies that engineer solutions for life science manufacturing. Their services include automation and digitalisation, specialist equipment and systems, products and processes, consultancy services and training and education.
They operate in several industries including biotech, cosmetics, food and beverage and pharmaceuticals.
About GLAS
GLAS was established in 2011 as an independent provider of institutional debt administration services. The company was originally created to provide the market a willing participant in complex loan restructuring transactions where many large institutions are reluctant to take swift and cooperative action. It offers a wide range of administration services developed specifically for the debt market.
GLAS is recognised as the premier independent, non-creditor, conflict-free provider of loan agency and bond trustee services, with excess of $450bn of assets under administration on a daily basis. For more information, please contact media@glas.agency.
