Reuters - Private Equity Steps into European Bank Lending

How do private equity firms deal with banks' reluctance to stump up the money to back buyouts? They become lenders themselves, writes Reuters. Private equity firms ranging from CVC, one of Europe's largest, to the smaller H.I.G. Capital are filling the vacuum left by retreating European banks, which have slashed leveraged lending by 42 percent to $72 billion so far this year, writes Reuters.

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