Oliver Smiddy
.jpg "Apax-owned Travelex refinances")
Proceeds from the £350m bond issue have been used to repay £178m in PIK notes issued at the time of its buyout by Apax Partners in 2005.
The Chinese government is mulling the launch of a new trading platform to allow investors to buy into the country’s substantial pool of state bank-held non-performing loans, according to Reuters. If so, it would be welcome news.
Ex-Citigroup financial sponsors head Jonathan Rowland's team has advised the likes of Lion Capital in recent weeks.
The former Morgan Stanley banker Eric Jenkins will report to David Whiteley.
.jpg "Arle-owned mattress maker refinances")
KKR has bought into Swedish mattress company Hilding Anders via €350m of PIK notes.
The €310m fund is 3i Debt Management’s first new-issue CLO in Europe since its inception.
.jpg "Hilton hires banking quartet for refinancing")
The Blackstone-owned hotel group is looking to refinance its debt ahead of a potential listing next year, with four banks mandated to advise on the process.
.JPG "Cordiant inks first deal with fourth fund")
The group, led by David Creighton, held a first close for CELF IV earlier this year on $250m and has now begun deploying capital.
.jpg "European CLO market shows green shoots")
Total issuance has topped €3.4 billion so far this year.
.png "Oquendo passes €100m mark for second fund")
A substantial commitment from the European Investment Fund helped drive the fund to a first close.