Tuesday, April 5, 2016

Telepizza announces OPV and OPS to capture up to 600 mln eur – Reuters Spain

MADRID (Reuters) – The chain pizza home Telepizza announced Tuesday his intention to return to the parquet after a decade of absence by OPV and OPS with which aims to capture up to 600 million euros.

the group, which did not specify what percentage of capital wants to put in bag or an indicative timetable, will seek to reduce debt with the operation and output to its shareholders, mainly private equity fund Permira, which has for several years attempted to reduce their investment.

Telepizza turnover of 492 million euros in 2015 with Ebtida of 57.7 million euros. Group debt environment of 230 million euros is located, as revealed to Reuters in October a source with knowledge of the operation.

the fast food chain wants to take advantage of the recovery in consumption in Spain and capitalize on its 1,311 stores between franchised and own, with seven production plants mass and a presence in 15 countries Europe and Latin America.

The operation is being led by BofA Merril Lynch and UBS as global coordinators, BBVA, Barclays and Nomura as joint bookrunners, Santander as co-lead manager, IMI and ING as co-managers. They are all underwriters of the offering, Telepizza said.

KKR is an advisor of society and Rothschild financial advisor for the deal.

Permira and Ballvé family have 51 percent of the company, while KKR and several funds have a 49 percent.

The group, which was listed on the Spanish stock market for a decade before Permira promote its exclusion in 2006, he said the prospectus is awaiting approval by the CNMV.

based in San Sebastian de Los Reyes, just outside Madrid, Telepizza was founded in 1986 by the Cuban businessman Leopoldo Fernandez Pujals, who was also president of the Spanish telecommunications company Jazztel. More …

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