Reuters - CVC’s Matas Deal Backed by $645M in Debt

Banks are offering up to 500 million euros ($645 million) of debt to bidders in private equity firm CVC's sale of Danish store group Matas, as retail deals continue to dominate the European leveraged buyout market this year, Reuters reported. Banking sources said on Tuesday Morgan Stanley and Nordea, which are running the auction for the health and beauty chain, have put together a financing package which will be available to back the buyout should it go to a private equity bidder. Matas was put up for sale earlier this year and could fetch around 800 million euros.

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