Apax Partners will on Tuesday announce the £975m buy-out of Marken, a distributor for the pharmaceutical industry, generating big profits for its management and Intermediate Capital Group, which acquired the company in 2007. ICG, the UK -listed mezzanine lender that owns a large minority stake in Marken, is expected to earn £170m from the sale, of which £68m is profit. Apax, which is underwriting the entire purchase price, is in talks with banks about raising debt to finance the transaction.

This entry was posted by Gwen Robinson on Tuesday, December 8th, 2009 at 4:58 and is filed under Capital markets, M&A, Private equity. Tagged with apax, Marken. Edit this entry.