CVC Plans €1.2 Billion of High-Yield Bonds to Fund Irca Buyout
Bloomberg 2026-07-03 11:02:27
Context: CVC Capital Partners Plc is planning to finance its buyout of Italian food-ingredients maker Irca SpA with a substantial amount of high-yield bonds. The deal is set to be funded with €1.2 billion ($1.4 billion) worth of these bonds. This move is part of CVC's efforts to acquire Irca SpA.
Key Facts
- CVC Capital Partners Plc is set to finance its buyout of Italian food-ingredients maker Irca SpA with €1.2 billion ($1.4 billion) of high-yield bonds.
- The financing plan is according to people familiar with the matter, indicating that the deal has not been officially announced but is expected to move forward.
- The high-yield bonds will be used to fund CVC's acquisition of Irca SpA, a company operating in the food-ingredients sector in Italy.