Restructuring
VTB-led consortium buys controlling stake in Vivacom
A consortium led by VTB Capital has acquired a controlling stake in Bulgarian telecoms operator Vivacom.
PineBridge’s Turkish investment issues bonds
Ulusal Faktoring AS, a Turkish non-bank financial services company, has closed its first domestic bond offering with Turkish corporates, high-net-worth individuals and a number of institutional investors subscribing to the TL 60m ($34m) private placement.
Duke Street's Marlin secures £80m senior credit line
Duke Street's UK portfolio company Marlin has secured an £80m 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 £47.3m 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 £80m 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.
Motion and FSI inject additional €80m into Tokheim
Motion Equity Partners (formerly Cognetas) and Fonds Stratégique d'Investissement (FSI) have provided French fuel distribution solutions company Tokheim with an €80m equity injection as part of a larger refinancing operation.
Rutland Partners' Notemachine completes £63m refinancing
GE Capital, Barclays and European Capital have provided a £63m senior debt refinancing package for Rutland Partners' UK portfolio company Notemachine.
Palamon concludes £23m refinancing of Cambridge Education Group
Palamon Capital Partners has completed a £23m refinancing deal for its portfolio company Cambridge Education Group (CEG) with Royal Bank of Scotland.
Synova Capital's CloudXL completes debt refinancing
Synova Capital's portfolio company CloudXL, a UK provider of cloud-based infrastructure services, has completed its debt refinancing operation.
Private equity 'unlikely to buy 3i's troubled Chorion'
Private equity firms are unlikely to show much appetite for struggling 3i-backed Chorion, the owner of the Mr Men franchise, corporate finance adviser Jeremy Rayment said today.
Carlyle seeks assistance for RAC
Less than two months after signing the £1bn deal, Carlyle is reportedly looking to syndicate down equity in UK vehicle recovery business RAC to other investors.
3i-backed Enterprise in potential restructuring
3i’s portfolio company Enterprise is considering a full-scale restructuring, according to reports.
JC Flowers in talks to buy €1bn CAM stake
US private equity firm JC Flowers is in negotiations with Spanish savings bank Caja de Ahorros del Mediterraneo (CAM) to buy a stake for between €400m-1bn.
Pamplona plans KCA Deutag takeover
Pamplona Capital Management is looking to take over UK oil services group KCA Deutag through a debt restructuring, according to media reports.
Oaktree becomes largest Panrico shareholder
Oaktree Capital has become the largest stakeholder in Spanish doughnut manufacturer Panrico after buying the shares held by Caja Madrid.
Bridgepoint sale of Rodenstock collapses
Bridgepoint’s sale of German eyeglass maker Rodenstock has collapsed, according to reports.
Time running out for Coronel Tapiocca
Coronel Tapiocca, the Spanish fashion label owned by Gala Capital, has failed to reach an agreement with its lenders before today’s deadline.
Dubai Capital-owned Alliance Medical launches sale process
Dubai International Capital (DIC) portfolio company Alliance Medical has launched a sale process, which will run alongside restructuring plans, according to reports.
BC Partners to restructure debt in Regency Entertainment
BC Partners has appointed the investment bank Houlihan Lokey to advise on the restructuring of Greek casino operator Regency Entertainment’s €557m debt, according to reports.
DIC retains control of Almatis
Dubai International Capital (DIC) has secured approval from a US bankruptcy court for its proposal to restructure the debt of German aluminium business Almatis.
Apax set to lose stake in Panrico
The large banking syndicate holding debt in the Spanish bakery business Panrico looks likely to follow through with a debt for equity swap after attempts to re-finance the leverage package failed.