Two private debt firms have supported French private equity group Chequers Capital’s acquisition of construction company Alkern Group with a €72 million unitranche facility.
Tikehau Investment Managers and Hayfin Capital Management co-arranged the unitranche facility, which is around 3.5x EBITDA. Hayfin underwrote around two-thirds of the package with Tikehau providing the other third, a development first reported by French media and subsequently confirmed by market sources.
