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India

Claire Ruckin

Bankers tap direct lenders on tough deals

18 Apr 2019

LONDON, April 18 (LPC) - Leveraged loan bankers are approaching direct lenders in a bid to sell down difficult deals as the distinction between syndicators and private money narrows.

Bankers ready debt as PE firms pursue Swissport sale

17 Apr 2019

LONDON, April 17 (LPC) - Bankers are pitching debt financings of around €2bn to private equity firms that are approaching China’s HNA Group about a potential sale of Swiss cargo handling unit Swissport Group, banking sources said.

UPDATE 1-Private equity firms take dividends as downturn looms

16 Apr 2019

LONDON, April 16 (LPC) - European private equity sponsors are increasingly looking to raise leveraged loans for dividend payouts in order to realise gains, while also locking in debt in preparation for a potential market downturn.

I-banks bag bigger share of European buyouts

16 Apr 2019

LONDON, April 16 (LPC) - Private equity firms are changing the way they reward underwriting banks on European buyout loans to favour investment banks over commercial banks, and gain greater control over who is holding the debt.

Five banks close €185m DORC buyout loan - sources

15 Apr 2019

LONDON, April 15 (LPC) - A €185m (US$209.27m)leveraged loan financing backing Eurazeo’s buyout of Netherlands-based medical equipment provider DORC has closed and allocated on Europe’s secondary loan market, banking sources said.

Bankers ready SFr4bn debt deal for Nestle’s Skin Health sale

09 Apr 2019

LONDON, April 9 (LPC) - Bankers are lining up around SFr4bn-equivalent (US$4bn) of debt financing to back a potential sale of Nestle’s Skin Health division as would-be buyers ready second round bids, banking sources said on Tuesday.

Private equity firms take dividends as downturn looms

09 Apr 2019

LONDON, April 9 (LPC) - European private equity sponsors are increasingly looking to raise leveraged loans for dividend payouts in order to realise gains, while also locking in debt in preparation for a potential market downturn.

REFILE-Cinven crams nine banks onto Synlab add-on

03 Apr 2019

LONDON, April 3 (LPC) - Private equity firm Cinven has lined up nine banks on a €150m loan for European lab operator Synlab, a disproportionately large amount of banks for the deal size, as sponsors seek to appease lenders amid low deal flow, banking sources said.

Bankers line up SFr1bn of loans for potential VFS sale

02 Apr 2019

LONDON, April 2 (LPC) - Bankers are working on debt packages of around SFr1bn to back a potential sale of outsourcing firm VFS as sponsors get set to submit bids in an auction process, banking sources said.

ICG launches €214m loan sell off

01 Apr 2019

LONDON, April 1 (LPC) - Bids are due on a €214m portfolio of loans and FRNs from specialist asset manager ICG, one of the largest auctions to hit Europe’s secondary loan market this year, banking sources said on Monday.

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