To increase European presence
Suzo-Happ raises USD 210 M loan for Scan Coin buyout
2015-02-03
Reading time 33 seg
(Sweden).- Machine component manufacturer Suzo-Happ is raising USD 210M in leveraged loans to back its acquisition of Swedish peer Scan Coin and refinance existing debt, banking sources said. US private equity firm Acon acquired Suzo-Happ in 2012.
Barclays is leading the deal and a bank meeting is due to take place on Feb. 4 to show the financing to investors. Proceeds will back the buyout and refinance € 85 million -worth of existing debt held between both companies, the banking sources said.
The financing is comprised of a € 165 million, six-year term B loan and a € 20 million, five-year revolving credit facility. Pricing will be announced at the bank meeting, the banking sources said.
US-headquartered Suzo-Happ supplies components for coin-operated devices in sectors including gaming, retail and transportation. Scan Coin manufactures and supplies change machines and other cash handling equipment.
Leave your comment
RELATED NEWS
Covers product, slots, and branding
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
COMPANIES
Brings more than 20 years of experience
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
New Event Content & Production Manager
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
China and digital growth lift quarterly revenue
MGM Resorts posts record first-quarter revenue as profit slips on weaker margins
Hundreds of jobs at risk as shops shut
William Hill owner Evoke to close 270 shops as losses widen on tax hit
NYCE Marketplace
Vor Turbo shares product overview
Sportsbook integration: Deploying betting widgets at scale
Also authorised in New Jersey, Michigan
Flows secures Pennsylvania Gaming Control Board authorisation
Partnership expansion
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Partnership expansion
Racing and Sports partners with Altenar to enhance global racing offering
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
EVENTS
European circuit expands
PokerStars adds Prague and Aix-en-Provence, France to 2026 live schedule
Covers product, slots, and branding
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
EVENTS CALENDAR
Highlighted
Affpapa Conference Madrid 2026
Highlighted
MAC Affiliate Conference 2026
Highlighted
SBC Summit Americas 2026
JUN 9th 26 / JUN 11th 26
Live Event Broward County Convention Center, Fort Lauderdale, Florida
Highlighted
PGS 2026
Highlighted
SBC Summit 2026
Highlighted
