CVC Funds Raet Buyout with $430M Loan

CVC Capital Partners is arranging with a 300 million euro ($430.5 million) loan to fund its buyout of Raet, the biggest Dutch provider of payroll and human resources software, Reuters reported Friday. CVC has tasked mandated ABN AMRO, BNP Paribas, ING, Lloyds and Rabobank to arrange the debt. CVC is buying Raet from Taros Capital and Advent International. The purchase price, though not released, is reportedly just south of 400 million euros.

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