Updated
Updated · Bloomberg · Jun 12
Banks Line Up €1.7 Billion for Triton’s Flender Buyout
Updated
Updated · Bloomberg · Jun 12

Banks Line Up €1.7 Billion for Triton’s Flender Buyout

1 articles · Updated · Bloomberg · Jun 12

Summary

  • Around €1.7 billion of debt has been arranged to support Triton Partners’ acquisition of German gearbox-maker Flender GmbH, according to people familiar with the matter.
  • Deutsche Bank and Goldman Sachs are among the banks backing the financing, with Bank of America and Morgan Stanley also on the lender roster.
  • The package underscores banks’ renewed competition to fund leveraged buyouts, a lucrative corner of investment banking.

Insights

Why is a €1.7B high-risk loan for a gearbox maker considered a safe bet in a volatile financial market?
Does this massive leveraged deal signal growing systemic risk for Europe's financial system, beyond just lucrative bank fees?