Horde of banks join battle to back Britax buy-out

Bankers expect an aggressive bidding process for the financing of Carlyle Group’s sale of British car safety seat maker Britax, as observers familiar with the transaction say that 18 banks are in discussions to lead the facility. The deal is expected to have senior debt of around £200m.

  • 12 Oct 2010

One banker called the number of banks looking at the deal as “ridiculous”, and was worried that this would push competing lenders to push the pricing tighter.

“It is a very good looking credit, and we expect demand to be strong,” said one loans banker.

Bids for the company ...

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