LONDON (Reuters) – A consortium of three debt investors has won control of French roofing materials group Monier, forcing previous owner PAI Partners to take a 256 million euro ($358 million) hit. Apollo Management [APOLO.UL], TowerBrook and York Capital secured the backing of Monier’s senior lenders at the end of last week, a spokeswoman for [...]

LONDON (Reuters) – Last-minute talks have delayed the restructuring deal for French building materials company Monier Group, a portfolio company of PAI Partners, three sources with knowledge of the situation said. The 1 billion euro ($1.41 billion) debt-for-equity deal is now due to sign on Thursday, the sources said. It had been expected to be signed [...]

LONDON (Reuters) – Junior lenders to French roofing company Monier have launched a late bid to block one of Europe’s biggest restructuring deals days before a crucial vote, according to a letter seen by Reuters. Senior lenders say that a rescue package to be presented on Monday will be approved, and say they already have [...]

LONDON(Reuters) – Lenders to French roofing company Monier Group have approved a restructuring deal that sees a group of debt investors take control of the company, a source with knowledge of the situation said on Thursday. The deal is one of the largest “loan to own” restructurings in Europe, and has been led by debt [...]

LONDON (Reuters) – Private equity firm PAI Partners stands to lose its 256 million euro ($361.2 million) investment in French firm Monier Group as activist lenders gather support for a rival 1 billion euro bid designed to improve the outcome of its debt restructuring. The battle for roofing company Monier, which employs over 10,000 people, [...]

LONDON (Reuters) – Lenders to Monier Group are poised to launch a takeover bid for the company before a looming debt deadline at the end of June, three sources with knowledge of the situation said on Monday. Monier’s current owner, PAI, is battling lenders for control of the heavily indebted French roofing company, a situation [...]