Lion Capital holds off on Findus cash injection

Lion Capital is pondering a further GBP 80 million to pay down debts in Findus Group after last week’s EUR 22.8 million (GBP 19 million) cash injection, The Grocer understands.

Findus averted a breach of its covenants in the final quarter of 2011 following the private equity backer’s cash injection, and after negotiating with lenders to waive certain financial covenants relating to the fourth quarter in 2011.

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