Brief: Procaps Group To Acquire Grupo Somar (Including Química Y Farmacia, Gelcaps And Related Entities) From Advent International, Gaining An Important Presence In Mexico, The Region's Second Largest Market

Sofgen Pharma SA

17/05/2022 21:49

May 17 (Reuters) - Procaps Group SA  PROC.O :
    * PROCAPS GROUP TO ACQUIRE GRUPO SOMAR (INCLUDING QUÍMICA Y
FARMACIA, GELCAPS AND RELATED ENTITIES) FROM ADVENT
INTERNATIONAL, GAINING AN IMPORTANT PRESENCE IN MEXICO, THE
REGION'S SECOND LARGEST MARKET
    * PROCAPS GROUP SA - EXPECTS TO FUND CASH PORTION OF
CONSIDERATION
WITH A COMBINATION OF CASH FROM ITS BALANCE SHEET AND
INCREMENTAL DEBT
    * PROCAPS GROUP SA -IN CONNECTION WITH DEAL , SECURED A
FULLY
COMMITTED BRIDGE CREDIT FACILITY WITH BANK OF AMERICA, JP MORGAN
AND MORGAN STANLEY.

Source text for Eikon:  ID:nGNX4pvV1L 
Further company coverage:  PROC.O 

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