Restructuring
Ratos in NOK 345m SB Seating dividend recap
Ratos has refinanced its portfolio company, SB Seating – an Oslo-based office furniture producer – to the tune of NOK 345m.
Weinberg's Alliance Automotive in high-yield refinancing
Alliance Automotive, a French portfolio company of Weinberg Capital Partners (WCP), has issued a €185m private high-yield bond.
GE Capital and Ares refinance Astorg's Ethypharm
GE Capital and Ares Management have provided Astorg Partners portfolio company Ethypharm with a €170m unitranche facility.
Goldman’s Hastings in £416.5m refinancing
Hastings Insurance Group, which recently secured investment from Goldman Sachs, has placed a £416.5m senior secured bond on the Irish Stock Exchange.
3i's Go Outdoors in £33m refinancing
Go Outdoors, a UK-based outdoor activities equipment retailer backed by 3i and YFM Private Equity, has secured a new £33m debt facility from Barclays.
Arle's Hilding Anders in €800m refinancing
Arle Capital Partners has refinanced portfolio company Hilding Anders International (HAI), a Swedish mattress manufacturer, to the tune of €800m.
ICG refinances Exclusive Networks
Intermediate Capital Group (ICG) has provided a senior debt package to refinance Omnes Capital-backed Exclusive Networks.
3i-backed Action in €275m refinancing
3i stands to reap a £58m dividend from the €275m refinancing of Dutch portfolio company Action.
PE-backed McCarthy & Stone in refinancing
Retirement home developer McCarthy & Stone – which is backed by a consortium of investors believed to include Goldman Sachs, TPG and Alchemy Partners – has refinanced its existing debt.
Electra refinances Park Resorts
Electra Partners has refinanced the existing debt of portfolio company Park Resorts - the GP now holds debt facilities totalling £145m and has upped its stake in the company to 54%.
Trustmarque completes £19.5m refinancing
Technology services firm Trustmarque, backed by Dunedin, has completed a refinancing to the tune of £19.5m provided by HSBC Leveraged Finance.
Turnaround deals hit five-year low
Turnaround deals
Bayside and LBO France inject fresh money into Consolis
Bayside Capital and owner LBO France have respectively injected €45m of new debt and an equal amount of fresh equity into the refinancing of Belgian concrete manufacturer Consolis.
Bridgepoint's Siblu in €80m refinancing
Siblu, a portfolio company of Bridgepoint Development Capital, has completed an €80m refinancing.
Investec in €10m Explore Learning refinancing
Investec Growth & Acquisition Finance has provided a £10m financing facility to support Explore Learning, a UK-based academic tuition provider backed by Graphite Capital.
PE-backed Labco in €100m high-yield refinancing
French medical diagnostics company Labco has made a €100m bond issue to repay the outstanding amounts borrowed under its revolving credit facility.
KKR and Bayside Capital acquire 75% of Estro Group
KKR and Bayside Capital, the credit business of HIG, have acquired 75% of Dutch day-care operator Estro Group as part of the company's restructuring.
CVC to lead €1.8bn restructuring of SNS Reaal
CVC Capital Partners will lead a consortium to restructure SNS Reaal, a Dutch insurer and the country's fourth largest bank, according to local press.
Intervale Capital-backed Proserv in $215m refinancing
US-based oil and gas investor Intervale Capital's Scottish portfolio company Proserv has received a $215m refinancing package from Lloyds Bank Commercial Banking Acquisition Finance.
Ratos refinances Kvarndammen
Ratos has refinanced Swedish online auction and valuation company KVD Kvarndammen, securing a dividend of SEK 150m.
Mid Europa refinances SBB and Telemach
Mid Europa Partners has merged Serbia Broadband (SBB) and Slovenian telecoms business Telemach Group, refinancing the group with €330m of senior debt.
Triton ups European Directories stake
Triton Partners has increased its stake in commercial search directory business European Directories to 50.1%, following the company's debt restructuring.
Montagu and GIP exit Biffa via debt-for-equity swap
Montagu Private Equity and Global Infrastructure Partners (GIP) have exited UK waste services company Biffa via a debt-for-equity swap with the company's senior lenders.
Nordic Capital refinances Orc with €60m bond issue
Orc Group, a Swedish financial technology and services provider owned by Nordic Capital, has placed a five-year €60m senior secured high-yield bond.