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.

  • 19 Oct 2012

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 Advent’s €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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1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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5 Credit Suisse 37,323.31 115 5.75%