Speyside Equity to acquire SKW Metallurgie in a debt-for-equity swap

摘要

Private equity frm Speyside Equity (New York) plans to acquire the beleaguered German metallurgical chemicals company, SKW Metallurgie (Unterneukirchen, Germany), in a debt-for-equity swap. The SKW managing board on Thursday announced a deal to imple- ment a cornerstone agreement signed by Speyside at the end of July with a consortium of SKW’s bank lenders, which will lead to a fnancial restructuring of the heavily indebted company.