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CSFB leads financing on SigmaKalon acquisition

Credit Suisse First Boston (CSFB) is set to profit doubly from Bain Capital's acquisition of SigmaKalon, the paints division of TotalFinaElf, as the bank is leading the financing for the deal in addition to acting as financial adviser to the French oil group.

Sources close to the deal said that Bain Capital, a US private equity firm, would pay around €1bn ($982m) for the division. The total debt raised is expected to be about €750m. CIBC and SG will also be involved in the financing.

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