A recent €4.5bn debt package to finance a buyout of online classified ad specialist Adevinta ASA by a private equity-consortium led by Permira and Blackstone Inc, saw direct lenders offer €2.5bn more than the amount needed, according to a report by Bloomberg.
The report cites unnamed sources with knowledge of the matter as revealing that some 19 direct lenders offered a combined €7bn, with each putting in an order for hundreds of millions.
The 19 firms included big names such as Apollo Global Management Inc, Intermediate Capital Group Plc, Sixth Street Partners and the asset management arm of Goldman Sachs Group Inc.
