Restructuring
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 т which is backed by a consortium of investors believed to include Goldman Sachs, TPG and Alchemy Partners т 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 ТЃ145m 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 ТЃ19.5m 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 тЌ80m refinancing.
Investec in €10m Explore Learning refinancing
Investec Growth & Acquisition Finance has provided a ТЃ10m 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 тЌ60m senior secured high-yield bond.
VTB-led consortium buys controlling stake in Vivacom
A consortium led by VTB Capital has acquired a controlling stake in Bulgarian telecoms operator Vivacom.
Duke Street's Marlin secures £80m senior credit line
Duke Street's UK portfolio company Marlin has secured an ТЃ80m revolving credit facility from RBS and Investec.
Palamon-backed Towry secures £47.3m refinancing package
Towry Group, backed by Palamon Capital Partners, has secured a ТЃ47.3m refinancing package.
3i secures refinancing for Element Materials Technology
3i-backed Element Materials Technology has secured a $93.25m refinancing package from its existing banking syndicate and two new banks.
3i-backed La Sirena completes refinancing
La Sirena, a Spanish frozen foods firm backed by 3i, has completed its refinancing plan.
Bridgepoint's LGC receives additional £80m from lenders
Forensics and scientific testing company LGC, owned by Bridgepoint, has raised ТЃ80m of additional capital from a consortium of lenders.
Permira-backed Telepizza extends loans
Permira has led a €35m equity injection into Spanish fast food chain Telepizza as part of a larger refinancing operation, according to reports.