Recapitalisation
Searchlight invests in Celestyal Cruises
Searchlight is investing in the cruise operator via its Searchlight Opportunities Fund
Palamon, Corsair in £165m dividend recap for Currencies Direct
GPs reportedly mandated William Blair in December 2020 to explore strategic options
3i nets £102m from Audley Travel, Hans Anders dividends
3i receives proceeds of ТЃ67m from Audley Travel, while Hans Anders generates a тЌ42m windfall
Vance recapitalises Eirtech
Neuberger Berman has provided debt and an equity co-investment for aviation services firm Eirtech
UK debt market rebounds in response to lower yields
Debt volumes were up 9% in Q3 2016 as lower yields prompt wave of recaps and refinancings
Mid Europa completes €400m recap of Czech T-Mobile
Mid Europa has secured a further CZK 875m (€35m) from Austria-based Volksbank to complete the CZK 10bn (c€400m) recapitalisation of its minority stake in T-Mobile Czech Republic.
Terra Firma to refinance Deutsche Annington
Terra Firma has started negotiations with bondholders to recapitalise German real estate fund Deutsche Annington Immobilien GmbH, including a €500m equity injection, according to reports.
Perceva Capital recapitalises Shark
Perceva Capital has recapitalised French motorcycle helmets manufacturer Shark, in a deal that values the company in the €25-50m range.
Perceva Capital recapitalises Shark
Perceva Capital has recapitalised French motorcycle helmets manufacturer Shark.
Oaktree's Nordenia plans high-yield bond issue
Oaktree Capital Management's portfolio company Nordenia International AG is reported to plan a high-yield bond issue to pay a dividend to its owner.