CVC hires five for Raet acquisition
Private equity firm CVC has mandated five banks to arrange a leveraged loan financing for its takeover of Dutch payroll and human resources service provider Raet from Alpinvest Partners and Advent International. ABN Amro, BNP Paribas, ING, Lloyds and Rabobank are underwriting the debt.
The amount has not been disclosed.
Leveraged finance bankers said there was still appetite to lend in the LBO market, despite many deals struggling in syndication this summer.
Where banks are interested, you can still do deals, said one banker close to Raet. The trouble is that poor institutional
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