Fragile buyout market lifted by loan sale

Stuttering recovery in European PE deals boosted after more than €300m ($369m) of loans backing the buyout of French company Sebia were successfully sold

The stuttering recovery in European private equity deals received a boost today as it emerged the loans that are backing one of the largest European buyouts of the year have been syndicated.

Citigroup, BNP Paribas and Commerzbank have successfully sold more than €300m ($369m) of debt backing UK buyout firm Cinven's c.€800m acquisition of French medical company Sebia, according to a person close to the process.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump