RLPC-Dorna raises new loans for dividend payout - Reuters
Spanish sports management business Dorna Sports is raising up to 250 million euros (US$345 million) of new leveraged loans to pay a dividend to private equity owner Bridgepoint and shareholders, reports Reuters. Bridgepoint bought Dorna in 2006 from CVC, and last year Canada Pension Plan Investment Board (CPPIB) made a 39 percent equity investment in the company. It will be the second dividend to be taken out of the company after it conducted a 420 million euro dividend recapitalisation in 2011.
1 April 2014•2 mins read
