Private equity firm Permira is merging German debt collector Garfunkelux, which it acquired in July, with British peer Lowell Group — a deal that could play the ‘market opener’ role bankers and investors have awaited since September. Garfunkelux Holdco 3 will be issuing £555m of seven year senior secured notes, while Garfunkelux Holdco 2 is the financial vehicle for its £240m eight year senior unsecured bond. Standard & Poor’s has given them respective ratings of B+ and B-. Bookrunners are (billing and delivering ...
Private equity firm Permira is merging German debt collector Garfunkelux , which it acquired in July , with Lowell Group — a deal that will play the ‘ market clearing ’ role bankers and investors have awaited since September . Garfunkelux Bank 3 are issuing £ 555 m of eight year senior secured notes , with Garfunkelux Holdco 2 the financial vehicle for its £ 240 m eight year senior unsecured bond .