EQT tightens pricing but concedes ticking fee on Colisée buyout

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By Owen Sanderson
08 Oct 2020

The €875m acquisition loan for EQT Infrastructure’s purchase of French care home operator Colisée will come with a reduced original issue discount and at the tight end of guidance, but the buyout firm has conceded a ticking fee, as the deal must compete with secondary markets, which are still largely priced at a discount.

Loan investors are facing limited supply in the fourth quarter, with few big new money buyout financings expected to be distributed — with the the exception of UK supermarket chain Asda — with the coronavirus pandemic having dampened M&A discussions and corporate auction activity of late.

Much of ...

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