Morgan Grenfell Private Equity (MGPE) has called in Close Brothers Corporate Finance to help restructure the debt financing in Vantico, the Luxembourg epoxy resin manufacturer that MGPE acquired from Ciba Specialty Chemicals in a €1.1bn ($1.1bn) buy-out two years ago.

Vantico has been suffering from a difficult environment and its €250m of bonds have been trading at a substantial discount to their face value. Kenneth Greatbatch, the company's chief financial officer, resigned in July and his successor has not yet been named.