CVC Plans €1.2 Billion of High-Yield Bonds to Fund Irca Buyout

CVC Capital Partners plans to issue €1.2 billion of high-yield bonds to fund its acquisition of Irca SpA, an Italian food-ingredients manufacturer. The bond offering will finance the buyout, according to Bloomberg reporting. CVC is a Luxembourg-based private equity firm. Irca produces food additives and ingredients for the confectionery and bakery industries.

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