Refinancing
Providence seeks M7 dividend recap
Providence Equity Partners and Airbridge Investments, the owners of satellite television company M7 Group, are seeking to reap a dividend of approximately €300m from a recapitalisation, according to reports.
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.
Lion's Picard issues €480m floating rate note
Picard Surgelés, a French portfolio company of Lion Capital, has issued a €480m floating rate note to refinance part of its debt.
Endless’s Karro secures £60m refinancing package from GE
Karro Food Group has received a £60m funding package from GE Capital just six months after Endless acquired the company.
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.
Investec provides £110m debt package to Sun's Paragon
Investec Growth & Acquisition Finance has provided a £110m integrated debt facility to refinance the acquisition of Paragon Print & Packaging by Sun European Partners.
Bridgepoint secures £375m refinancing for Pret debt
Pret A Manger will pay out £150m to its private equity owner Bridgepoint following a dividend recapitalisation.
AA and Saga looking to refinance, then split
The AA group and Saga, backed by CVC, Charterhouse and Permira, are to issue a long-term bond to refinance £4bn of bank debt, which could lead to a break-up.
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.
Dubai International’s Mauser extends 96% of debt
German industrial packaging manufacturer Mauser, which is owned by Dubai International Capital, has extended the maturities of 96% of its €695m senior debt, revolver and acquisition facilities.
France's Elior and Nord-Est in refinancings
Charterhouse's catering business Elior has tapped into the high-yield market to raise €350m, while Oaktree has been able to reap a dividend by leveraging its investment in packaging company Nord-Est, according to local reports.
New Look launches £800m bond offering
Apax- and Permira-backed New Look Group has launched an £800m senior secured notes offering to pay down its debt.
LBO France's Médi-Partenaires hopes to raise €385m on high-yield market
Médi-Partenaires, a French chain of clinics backed by LBO France and Equistone, is understood to be aiming to raise €385m on the high-yield bond market.
Advent, Bain in £340m WorldPay dividend recap
WorldPay, a card payment services provider acquired by Advent International and Bain Capital in 2010, has secured a £700m refinancing including a dividend recap for the private equity owners, according to reports.
N+1 receives dividend recap payout from Mivisa
Spanish GP N+1 has received €21.8m as part of a dividend recap from canning company Mivisa Group.
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.
Inflexion’s NPW refinanced with £10m Clydesdale package
The February 2012 buyout of London-based impulse giftware retailer Natural Products Worldwide (NPW) saw Inflexion bridge the initial deal with a view to refinancing later.
Ratos refinances Kvarndammen
Ratos has refinanced Swedish online auction and valuation company KVD Kvarndammen, securing a dividend of SEK 150m.
NBGI partially exits Pasta King
Yorkshire Bank has provided £8.7m of senior debt and working capital to Pasta King in a deal that sees NBGI Private Equity partially exit the firm.
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.
Norrlandsfonden refinances Mackmyra
Norrlandsfonden has extended its convertible debt facility for Swedish whisky distillery Mackmyra Svensk Whisky AB for another five-year period.