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GC Asia
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Wendel links loan to female leadership
Wendel, the French private equity firm, has amended a €750m revolving credit facility to add ESG elements, including one for higher female representation in leadership positions, as more investment houses make social equality a focus.
09 Apr 2021 -
Investors turn tough on IPOs after Deliveroo horror show
IPO sellers are keen to revive the market in Europe after Deliveroo’s disastrous debut last week. But investors, with the food delivery company’s share price collapse still fresh in their minds, are pushing banks on valuations for new listings, reports Sam Kerr.
08 Apr 2021 -
KPN bonds widen 80bp on buyout rumour
KPN, the Dutch telecoms company, saw its bond spreads swing out on Thursday, on renewed reports that private equity firms are lining up to buy the company.
08 Apr 2021 -
Synlab launches Frankfurt IPO after strong 2020
Synlab, the German laboratory diagnostic services company, has announced its intention to float on the Frankfurt Stock Exchange.
07 Apr 2021 -
A HY thing of beauty: Douglas pulls off miraculous comeback
Debt-laden beauty retailer Douglas is on course to refinance its capital structure at par, an almost unthinkable outcome this time last year, when its unsecured debt was trading in the 30s. Owen Sanderson reports.
25 Mar 2021 -
Levfin takes on tougher projects in quarter-end smorgasbord
Complex refis, Covid-hit industries and chunky dividends are the order of the day in levfin, as banks clear out the tougher end of their pipeline in the last weeks of the quarter.
18 Mar 2021 -
HY primary gets green and oil
New high yield issues announced on Monday offered investors both ends of the environmental spectrum — a green deal for Spanish property developer Via Celere, or a refinancing for oilfield services firm CGG. Real estate group Foncia sits somewhere in between, with a deal funding a dividend to Partners Group.
15 Mar 2021 -
CVC coughs up for Douglas clean-up
CVC and other owners are putting in €220m of new equity to Douglas, the German beauty chain, ahead of a long-awaited refinancing which will see existing subordinated debt made whole — a nice trade for any buyers that bought in at its lows of 33 last year.
15 Mar 2021 -
B&B Hotels launches liquidity deal
Goldman-owned hotel chain B&B Hotels has launched a new loan deal for liquidity, in a test for the loan market's capacity for the next generation of rescue funding in the most distressed industries. The deal comes alongside an equity cheque of €80m.
03 Mar 2021 -
Goldman launches Bain’s Ahlstrom buy-out loan
Goldman Sachs has launched the loan backing Bain Capital’s take-private of Ahlstrom-Munksjö into general syndication, looking to sell euro and dollar tranches over the next two weeks, and is likely to follow the loan launch with a secured bond in the coming days.
02 Mar 2021
