Ares and SEB back Karnov Group

Ares and SEB haved backed  GMT Communication Partners with a €68m debt package.

Ares Management and Swedish bank SEB are backing private equity group GMT Communication Partners with a DKK 510 million (€68.3 million; $94.3 million) debt package to refinance Scandinavian information and business intelligence provider, the Karnov Group.

Ares provided financing in the carve out of the TMT-focused business from Thomson Reuters in 2011 and trumped a number of other lenders in the refinancing of the group.

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