Blackstone Inc. led a $300 million debt package backing US buyout firm Arlington Capital Partners’ take-private of Gooch & Housego Plc, according to people familiar with the matter.
Public sentiment about private credit has become “divorced from the market-wide reality,” according to a report from the Alternative Credit Council, which represents fund managers in the industry.
Bridgepoint Plc, Bain Capital and Aquiline are among the private equity firms interested in buying the UK-based wealth and investment management firm W1M.
Apollo Global Management has traded more than $35 billion since it began making markets in private credit, according to John Cortese, partner and co-head of corporate credit.
A group of banks led by Bank of America Corp. and Deutsche Bank AG offered a rare concession to help get a €2.8 billion ($3.2 billion) financing deal for Platinum Equity’s acquisition of a stake in Nestle SA’s water business across the line.
Clearlake Capital Group LP has raised $1 billion backed by stakes in its private market funds after rejigging the collateral mix in the deal following discussions with investors.
Partners Group AG is exploring a deal to shift around €800 million ($917 million) of its private credit loans into a continuation vehicle, according to people familiar with the matter.
Bridgepoint Credit has transferred €1.2 billion ($1.4 billion) of loans from an older direct-lending fund into a new continuation vehicle, according to a statement seen by Bloomberg.
Bankers are lining up about €1 billion ($1.2 billion) of debt financing to back Apax Partners’s purchase of two businesses from packaging firm Gerresheimer AG.
Severe droughts across Europe this summer led to huge wildfires, disrupted transport on critical routes, threatened power plants and hit corporate earnings across the continent. The credit markets are mostly unmoved.
Bridgepoint Group is exploring a deal to sell more than €1 billion ($1.15 billion) of private credit stakes in a secondaries transaction, according to people familiar with the matter.
Lenders are so worried about the impact of artificial intelligence on software firms that they’re pushing for repayment terms rarely seen in Europe since the global financial crisis.
Ares Management Corp. is preparing to sell €3 billion ($3.4 billion) of bundled stakes in a flagship European direct-lending fund, one of the largest credit-secondaries deals ever.
A potential debt revamp at Aston Martin Lagonda Global Holdings Plc is setting the stage for an unusual battle between different divisions of asset management giant BlackRock Inc.
Private credit firms’ efforts to reap leveraged debt business from Wall Street is coming at a steep cost — safeguards that made them less vulnerable to an economic downturn.
Netflix Inc. refinanced part of a $59 billion bridge loan with cheaper and longer-term debt, bolstering the financial package underpinning its bid for Warner Bros. Discovery Inc.
Netflix headquarters in Los Angeles, California. Photographer: Ethan Swope/Bloomberg