Gamut Capital takes stake in IAC with refinancing

International Automotive Components Group S.A. said April 23 that it has completed a refinancing, issuing $215 million of loans to Gamut Capital Management LP. Proceeds were used to redeem $300 million of loans from IAC that were due in June. With the deal, Gamut has acquired a minority stake in IAC, which was founded by Wilbur Ross. The deal was announced April 6.

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