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Blackstone taps Goldman Sachs leveraged finance head to lead European private credit origination

Private Equity Insights

This is one of the most notable talent moves from investment banking to private credit to date, highlighting the growing shift of senior debt market professionals into the private capital space. If finalised, the deal would rank among the largest ever private credit financings, edging out banks that had pitched to refinance the companys debt.

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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. Several financing scenarios are under consideration.

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Deutsche Bank lines up $200m financing for Blackstone’s renewed bid for Trans Maldivian Airways

Private Equity Insights

The potential financing package, which may carry an interest rate of 10% or less, remains under negotiation. Ownership later transitioned to Bain Capital and Tempus Group, before shifting to Carlyle Group, King Street Capital Management, and Davidson Kempner Capital Management in 2021 following a debt restructuring.

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Goldman Sachs launches Capital Solutions Group to boost private equity financing

Private Equity Insights

Goldman Sachs unveiled its Capital Solutions Group, a new division aimed at strengthening its focus on financing solutions for private equity sponsors. The group combines the firms corporate finance, leveraged finance, and equity capital markets teams into one unit. The London Stock Exchange.

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Schroders to shut Australian private debt business 

Private Equity Wire

Schroders is shutting down its AUD100m ($63m) Australian private-debt business, citing increased competition in fundraising and sourcing investments, according to a report by Bloomberg citing CEO and Chief Investment Office Simon Doyle.

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BNP Paribas names private debt directors for new lending strategy

Private Equity Wire

BNP Paribas Asset Management has appointed Linda Fodil and Thibault Sartori as Private Debt Investment directors to support its new direct lending strategy. Both will be based in Paris and report to Christophe Carrasco, Head of Private Debt.

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PE-owned Hearthside files for bankruptcy after debt struggles

Private Equity Wire

The move comes after the food company failed to refinance significant debt. As part of the deal, the company plans to shed over $1.9bn in debt and secure $200m in new equity once it emerges from Chapter 11 proceedings.

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