IK Investment Said to Hire Banks for Vemedia Pharma LBO Debt

IK Investment Partners, a European buyout firm, hired four banks to provide less than 100 million euros ($130 million) of loans for its buyout of Vemedia Pharma NV, (VEPVP) according to two people with knowledge of the matter.

Belfius Bank NV, Deutsche Bank AG, Fortis Bank SA/NV (FBAVP), and ING Groep NV provided the financing for the acquisition that values Kortrijk, Belgium-based Vemedia Pharma at about 138 million euros, said the people, who asked not to be identified because the deal is private.

IK Investment said yesterday it agreed to buy a majority stake in the supplier of over-the-counter medicines and will make a cash offer for the remaining securities it doesn’t own at 2.80 euros per share.

Charlotte Laveson, a spokeswoman in London for IK Investment, declined to comment on the debt financing.

To contact the reporter on this story: Patricia Kuo in London at pkuo2@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net

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