TowerBrook Said to Mull Refinancing of European Companies
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TowerBrook Capital Partners LP, the former private-equity arm of Soros Fund Management LLC, is considering refinancing European companies it owns, according to two people with knowledge of the matter.
TowerBrook held preliminary discussions about replacing existing borrowing for U.K.-based ventilation company Volution Group Ltd. with new loans and possibly paying itself a dividend, said the people, who asked not to be identified because the talks are private. Volution was bought by London-based TowerBrook last year in a deal valued at 163 million pounds ($259 million), the people said.