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United States

David Brooke

Ares backs BC Partners' takeover of VetPartners

Aug 10 2018

(LPC) - Direct lending fund Ares Management has committed £595 million in financing to back private equity firm BC Partners' acquisition of UK-based VetPartners, according to a source familiar with the situation.

Ares backs BC Partners' takeover of VetPartners

Aug 10 2018

Aug 10 (LPC) - Direct lending fund Ares Management has committed £595m in financing to back private equity firm BC Partners' acquisition of UK-based VetPartners, according to a source familiar with the situation.

Marlink considers debt options after dividend loan withdrawn

Jul 25 2018

LONDON (LPC) - Apax Partners is considering its debt options for Norwegian satellite company Marlink after a proposed dividend recapitalisation and refinancing failed to find sufficient support in the leveraged loan market.

Marlink considers debt options after dividend loan withdrawn

Jul 25 2018

LONDON, July 25 (LPC) - Apax Partners is considering its debt options for Norwegian satellite company Marlink after a proposed dividend recapitalisation and refinancing failed to find sufficient support in the leveraged loan market.

Marlink's €622m dividend recapitalisation loan pulled

Jul 18 2018

LONDON, July 18 (LPC) - A €622m-equivalent dividend recapitalisation and refinancing loan for Norwegian satellite navigation group Marlink has been withdrawn from the market, sources familiar with the situation said.

Adjusted Ebitda masks higher leverage on buyout loans

Jul 06 2018

LONDON, July 6 (LPC) - Investors in European leveraged loans are increasingly concerned that private equity firms are making overly-aggressive adjustments to portfolio companies’ earnings to support higher debt loads.

Alcentra backs Portman Dental Care investment

Jul 05 2018

July 5 (LPC) - Private debt investment firm Alcentra has provided around £100m in debt financing to back Core Equity Holdings' investment in Portman Dental Care, according to a source familiar with the deal.

Ares invests more than £500m in VetPartners

Jun 18 2018

June 18 (LPC) - Ares has invested in excess of £500m in a mixture of debt and equity instruments in UK-based VetPartners to help further fund its expansion, a source close to the deal said.

UK high street slowdown stretching banks' provisioning limits

May 18 2018

(This version of the May 17 story corrects to show Maplin repaid loan to Wells Fargo)

RBC to provide financing for £2.2 billion ZPG buyout

May 11 2018

(LPC) - Royal Bank of Canada is providing the £1.07bn financing backing private equity firm Silver Lake’s £2.2bn acquisition of ZPG , owner of online property platforms Zoopla and PrimeLocation.

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