Andromeda Investissements plans €348.89 million debt to buy April

By Marisa Wong

Morgantown, W.Va., June 14 – Andromeda Investissements SAS plans to use about €348.89 million of bank debt to finance its acquisition of April SA.

The transaction, valued at about €575.42 million, will also be financed through a combination of equity and quasi-equity, in the form of shareholders’ loans, totaling roughly €226.54 million.

Andromeda is a blank check company based in Paris. April is an insurance broker based in Lyon, France.

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