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India

Claire Ruckin

Equity investors provide debt for Merlin buyout

08 Aug 2019

LONDON, Aug 8 (LPC) - Three equity investors behind the £5.91bn (US$7.49bn) take-private buyout of UK theme park and attraction operator Merlin Entertainments are also underwriting just under half of the £3.8bn-equivalent debt, uniting the interests of parties that have traditionally been separate.

Banks pitch for possible debt on LSE-Refinitiv deal

29 Jul 2019

LONDON, July 29 (LPC) - Banks are pitching to lead a possible debt financing backing a potential US$27bn merger between financial data firm Refinitiv and the London Stock Exchange Group (LSE), banking sources said on Monday.

CVC's payout from Germany's Tipico hits €1bn with third dividend

23 Jul 2019

LONDON, July 23 (LPC) - CVC is poised to take a third dividend payment of up to €620m from German sports betting group Tipico, bringing total shareholder payments to more than €1bn since the company's private equity buyout in 2016, banking sources said.

European lenders play high stakes with P2P loans

18 Jul 2019

LONDON, July 18 (LPC) - European leveraged loan bankers, desperate for fees as a result of the ongoing low-deal market environment, are keen to lead more lucrative public to private financings, but the collapse of a handful of recent deals has resulted in some signs of frustration among lenders.

Lead banks work to shift Evonik unit loan

16 Jul 2019

LONDON, July 16 (LPC) - Lead banks are in talks with private debt funds and family offices to shift excess paper on a €1.8bn buyout financing for German chemicals group Evonik’s methacrylates plastics unit, Madrid, that they are stuck with and are considering launching a second syndication process, banking sources said.

REFILE-BAML in pole position for financing Blackstone’s CRH unit buy

16 Jul 2019

LONDON, July 16 (LPC) - Bank of America Merrill Lynch looks set to take a leading role on a debt financing backing private equity firm Blackstone’s €1.64bn acquisition of Irish building materials supplier CRH’s European distribution arm, banking sources said.

Busy July expected in Europe's leveraged loan market

11 Jul 2019

LONDON, July 11 (LPC) - Up to €25bn-equivalent of deals are poised to hit Europe's leveraged loan market this summer, but underwriting deals is proving difficult as arranging banks try to strike a balance between caution in a weaker market, and aggression to win deals.

Webhelp buyout backed with approx €1.4 billion of loans

09 Jul 2019

LONDON (LPC) - The acquisition of French call centre business Webhelp by Groupe Bruxelles Lambert (GBL) and founding shareholders is expected to be backed with around €1.4bn (£1.2 billion) of debt financing, banking sources said.

Webhelp buyout backed with approx €1.4bn of loans

09 Jul 2019

LONDON, July 9 (LPC) - The acquisition of French call centre business Webhelp by Groupe Bruxelles Lambert (GBL) and founding shareholders is expected to be backed with around €1.4bn of debt financing, banking sources said.

Banks line up $3 billion jumbo debt deal for WPP’s Kantar unit

09 Jul 2019

LONDON (LPC) - Around 11 banks are lining up US$3bn (£2.4 billion) of debt financing to back Bain Capital’s potential acquisition of WPP’s data analytics division Kantar, banking sources said.

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