B&M mandates banks for takeover financing

B&M Bargains, a British discount retailer, has mandated Bank of America Merrill Lynch, Credit Suisse and Goldman Sachs to arrange the financing for its takeover. A banker close to the proceedings expected the loan financing to be one of the first loan deals this year.

  • 03 Jan 2013

Private equity firm Clayton Dubilier & Rice took a 60% stake in the business for what market rumours suggest is a purchase price of nearly £1bn.

“We are waiting to see the structure for B&M,” said a leveraged loan investor. “This could be something that we are interested ...

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