Doughty nets £205m Asco club

UK private equity firm Doughty Hanson has raised £205m of senior loans from a club of nine banks for its oil and gas services firm Asco Group — some eight months after it completed the acquisition.

  • 07 Aug 2012
Buying a business using 100% equity and then refinancing with debt at a later date is an established trick for Doughty. In September 2010 the firm paid €350m for financial management firm Equity Trust using equity, and then raised €600m in April 2011 to merge the company with ...

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