Blackstone has refinanced portfolio holiday village operator company Center Parcs. The £1bn refinancing has reduced the size of the company's debt and follows the reverse sale-and-leaseback of Center Parcs' property. Blackstone backed Center Parcs to re-acquire its property assets, which had been owned by Sun Capital since 2002, in an £825m deal. With property to underpin the company, it can now borrow on better terms.
Second vehicle will be larger than its predecessor, which closed on €843m in March 2010
Dieter von Holtzbrinck Ventures (DvH Ventures) has announced the launch of its first Digital Health fund, which has held a first close on €60m.
Sale ends a three-year holding period for Astorg, which acquired a 75% stake in the company from Xenon PE
Acquisition of Germany-based x-ray equipment and software was backed by senior debt from ApoBank