Banks to sell £647 mln loan backing Civica buyout: Reuters
Banks are preparing to sell down a £647 million (US$852 million) leveraged loan financing backing the acquisition of U.K.-based software company Civica Group by Swiss asset manager Partners Group, banking sources told Reuters. Partners agreed to buy Civica from OMERS Private Equity in a deal that valued the company at around £1 billion, the firms said in July. Deutsche Bank and Natixis are leading the all-sterling leveraged loan financing, alongside Credit Agricole, Natwest, SMBC and UniCredit, the sources said. OMERS Private Equity, part of Canadian pension fund OMERS, acquired Civica in 2013 from 3i Group for £390 million.
11 September 2017•2 mins read
