Royal Bank of Scotland has signed a mandate to fully underwrite the ã565m (â¬712.8m) acquisition of UK cleaning chemicals company Safetykleen in a move demonstrating the debt markets are open for business given the right opportunity.
US-based private equity group Warburg Pincus beat rivals Cinven and US group Hellman and Friedman to snap up Safetykleen in a tertiary buyout from UK peer CCMP Capital Advisors.
