Carlyle Group’s credit arm has invested a combined $1.5bn in the debt of two of the highest profile deals of the year so far, the buyout of Citrix Systems Inc and Nielsen Holdings Plc, according to a report by Bloomberg.
The report cites unnamed sources as revealing that Carlyle has invested around $750m in the Citrix buyout, with roughly half of that amount being on the secured debt portion that banks syndicated at steep losses last month, and the other 50% or so on a preferred equity piece that was arranged at the start of the year.
The firm has also bought around $750m of the $2.15bn of second-lien debt backing the buyout of Nielsen that banks privately placed earlier this year with a group of lenders that included Ares Management Corp.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
The sources say that Carlyle may make a further investment in Nielsen, a provider television audience measuring services, when banks decide to syndicate the more senior portion of that financing.
A group of lenders including Bank of America Corp and Barclays Plc have decided to fund $8.35 billion of Nielsen debt themselves rather than selling to to third-party investors at steeply discounted prices.
A separate group led by Bank of America, Credit Suisse Group AG and Goldman Sachs Group Inc. is still holding around $6.5 billion of debt for Citrix, which develops enterprise software.
Source: Private Equity Wire
Can’t stop reading? Read more
Clearlake Capital strengthens executive bench as it scales global investment platform
Clearlake Capital strengthens executive bench as it scales global investment platform Clearlake...
Croatia’s Prosperus Growth acquires Neos to anchor IT platform strategy
Croatia’s Prosperus Growth acquires Neos to anchor IT platform strategy Croatian private equity...
Alter Capital takes control of Wifit Gyms to accelerate Iberian expansion
Alter Capital takes control of Wifit Gyms to accelerate Iberian expansion Alter Capital Desarrollo...