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.