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Private Equity Headlines

Affinion seeks to sell AD&D unit to cut debt -sources

Affinion Group Holdings Inc, a U.S. provider of loyalty programs and insurance products, is exploring a sale of its accidental death and dismemberment (AD&D) business as it seeks to trim its debt pile, people familiar with the matter said on Friday.

European secondary loan prices succumb to volatility

Average prices tumbled in Europe's secondary loan market this week, reflecting volatility in the high-yield bond market as investors retreated from the asset class after highly indebted 'junk' rated companies reported poor earnings.