Hagemeyer outdoes its quiet reputation with mega deal

The Dutch B2B group pulls off a large restructuring to survive a liquidity crunch amid heavy trading of its debt by US hedge funds.

Deal: Hagemeyer’s recapitalization
Size: e1.5 billion
Lead arranger and co-ordinator: ABN Amro
Date: February 5 2004



You don’t have to be a household name like Marconi or Eurotunnel to go through a fiendishly complex financial restructuring.

For an organisation with more than 20,000 employees in over 60 countries, Dutch B2B distribution services group Hagemeyer has a relatively low profile. It hasn’t tried to establish a global brand across its local operations. Its eight different UK businesses, for example, all trade under their own different names.

Thanks for your interest in Euromoney!
To unlock this article: