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EG Group targets $13bn New York IPO to drive growth and reduce debt

Private Equity Insights

The company, co-owned by the Issa brothers and private equity firm TDR Capital, plans to list later this year in one of the largest retail IPOs in recent memory. EG Group aims to use the proceeds to reduce its $9bn debt and fund expansion, with a focus on strengthening its US operations. Source: Retail Gazette Can’t stop reading?

Debt 130
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Blackstone and Permira assess debt options for €6.5bn Adevinta deal

Private Equity Insights

The private equity firms aim to refinance or reprice Adevintas existing 4.5bn debt and may raise an additional 2bn, potentially for a shareholder dividend, according to sources familiar with the matter. Adevintas current debt, held by around 20 lenders, carries a 575-basis-point margin over Euribor with an original issue discount at 98.

Debt 147
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This Completely Off-the-Radar Company Yielding 11.5% Might Be the Safest High-Octane Dividend Stock to Own in 2025

The Motley Fool

This may be Wall Street's safest 11%-plus-yielding stock for 2025 Though there are well over 100 publicly traded companies currently yielding north of 10% on an annual basis, the one that could allow income seekers to sleep easy at night is little-known business development company (BDC) PennantPark Floating Rate Capital (NYSE: PFLT).

Companies 246
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SC Capital eyes $5bn Global Switch acquisition as investor appetite for data infrastructure grows

Private Equity Insights

A previous attempt to sell the company to EQT in 2023 collapsed, despite final bids reportedly valuing the firm at around $8bn including debt. The sector continues to attract strong private capital inflows, supported by secular growth trends in artificial intelligence, cloud services, and enterprise digitalisation.

Capital 147
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Crescent Capital scores €3bn final close for oversubscribed European credit fund

Private Equity Insights

CESL III includes both levered and unlevered sleeves, alongside capital from separately managed accounts. Continuing Crescents direct lending strategy in Europe, CESL III focuses on secured private debt investments in mid-market companies across the continent. Crescent began investing in European specialty lending in 2014.

Capital 147
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Bain Capital closes in on $2.6bn HealthEdge deal in strategic healthcare tech push

Private Equity Insights

The transaction, which includes debt, is expected to be announced in the coming days. The sale to Bain Capital is expected to yield a two-fold return, sources said. For Bain Capital, the transaction aligns with its broader investment strategy in healthcare technology. Can`t stop reading?

Capital 162
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Bain Capital considers $10bn sale of Rocket Software

Private Equity Insights

The private equity firm has engaged financial advisors Moelis & Co and RBC Capital to oversee the process, which is expected to begin in the coming weeks. Bain Capital, Moelis & Co, and Rocket Software declined to comment, while RBC Capital has yet to respond. Can`t stop reading?

Capital 147