Private Equity Firm Invests More Than $360 Million in Belron
It was recently announced that the Private Equity Firm RBS Greenwich Capital has committed to investing more than $360 million dollars in Belron SA.
The deal, financed by 17 investors, includes three separate investments with an initial placement of $200 million over seven years. The initial placement will then be followed by another in the amount of $125 million over ten years, with the final placement of $38.6 million coming over ten years as well.
According to RBS Greenwich Capital, Belron plans to use part of the investment to term-out portions of debt taken on by its recent acquisition of Safelite.
RBS Greenwich Capital, an entity of Greenwich Capital Holdings Inc. whose
ultimate parent company is the Royal Bank of Scotland Plc, has offices
in Greenwich Connecticut, Washington D.C., and Bermuda.
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