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Derek Vago - CenterParcs Europe
In September 2003, Derek Vago of Nomura International completed within 6 weeks of initiating due diligence the €433 million multi -jurisdiction sale and leaseback of seven CenterParcs Europe sites located in the Netherlands, Germany and Belgium for Pierre & Vacances. AFG underwrote and financed €350 million of senior debt, €30 million of senior mezzanine, €30 million of junior mezzanine and €23 million of equity. AFG pre-sold the equity to a consortium represented by St. James Capital. The senior and senior mezzanine debt facilities were fully syndicated within 4 months of closing with a 0.25 per cent. margin, and part of the junior mezzanine with a total margin arbitrage of 5 per cent. A brief description of some of the other transactions in which Derek Vago was either actively involved or oversaw whilst Managing Director and Co-Head of AFG is set out on the left.
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