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Debt-for-equity swap

Cruise ships and holiday services
Tikehau to become majority shareholder in Cruiseline

Following the deal, Montefiore retains a minority stake and a seat on the company's board

  • Refinancing
  • 02 March 2021
Womenswear and fashion retailers
Bridgepoint-backed Fat Face in debt-to-equity swap – report

Deal would reduce Fat Face's present £120m borrowing levels via a debt-for-equity swap

  • Exits
  • 11 June 2020
Secondhand cars
Towerbrook to inject €100m in BC-backed CarTrawler in debt-for-equity swap

CarTrawler has €120m of its TLB and €25m of revolving credit facility debt outstanding

  • Exits
  • 07 May 2020
Elderly healthcare and nursing homes
ICG transfers Esperi ownership to lenders

Esperi will be owned by a new parent company controlled by Danske Bank, Ilmarinen and SEB

  • Exits
  • 04 February 2020
Oil rig workers
EQT Credit moves in to take over Charterhouse's Bartec

EQT Credit II and EQT Credit Opportunities III have notified the Austrian regulator

  • Exits
  • 25 September 2019
Proserv is a subsea engineering business
Oaktree, KKR acquire Riverstone's Proserv via restructuring

Development comes three and a half years after Riverstone acquired the company for $750m

  • Restructuring
  • 12 March 2018
Refrigerated logistics
Lenders take control of CVC- and Eurazeo-backed Fraikin

Debt arranged as part of the 2007 LBO will be significantly reduced from €730m to €265m

  • Refinancing
  • 22 November 2017
Nursing homes
Terra Firma to walk away from Four Seasons

Creditor H/2 Capital had originally proposed that the GP retain an 11% stake in the business

  • UK / Ireland
  • 09 November 2017
PE-backed Maxeda DIY in debt-for-equity refinancing

Second debt-for-equity reshuffle for retailer in five years

  • Benelux
  • 30 July 2015
ICG to take over Courtepaille in debt-for-equity swap

ICG supplied €160m unitranche in 2010 Fondations Capital buyout

  • France
  • 09 April 2015
KKR's ATU in debt-for-equity swap

The creditors of KKR-backed car servicing chain Auto-Teile-Unger (ATU) have reduced the company's debt burden by €600m in exchange for equity.

  • DACH
  • 05 December 2013
Axa PE-backed Saur in debt-for-equity swap

Saur, a French water company backed by Axa Private Equity and sovereign wealth fund FSI, will be taken over by its lenders later this month.

  • Exits
  • 03 July 2013
Arle loses ETG in debt-for-equity swap

Arle Capital Partners' portfolio company EurotaxGlass (ETG) has been seized by its lenders, as an agreement on the reduction of its debt pile couldn't be reached.

  • UK / Ireland
  • 03 September 2012
Imperial Innovations in £17m round for Cell Medica

Imperial Innovations Group has invested in a £17m funding round for its portfolio company Cell Medica.

  • Expansion
  • 23 July 2012
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