Advent opts for senior, mezz for Douglas LBO as supply freeze thaws
Advent International’s success in buying listed companies looks set to finally give leveraged loan investors some new money LBOs to contemplate after the private equity firm decide to finance its buy-out of German retailer Douglas Group with a senior loan and mezzanine financing of around €800m.
Credit Suisse, IKB, Goldman Sachs and JPMorgan are leading the deal, with BayernLB, LBBW, RBI and UniCredit also involved in the financing.
The deal follows Advents 775m bid for listed Dutch pharmacy chain Mediq in September, for which the sponsor already has a committed financing in place. Bankers say the
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