Resilient Media Entertainment

Wednesday, October 10, 2012

Private equity steps into European bank lending gap


How do private equity firms deal with banks' reluctance to stump up the money to back buyouts? They become lenders themselves.  

When Swedish buyout firm EQT bought BSN Medical earlier this year, another private equity house, Switzerland's Partners Group (PGHN.S), lent the bandage-making business it had previously co-owned a chunk of the 1.8 billion euros ($2.35 billion) needed to finance the deal.

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