Bartec Lender Group Said to Hire Deloitte for Negotiations

A group of lenders to Bartec GmbH hired Deloitte LLP to advise them as they negotiate with the private equity owner of the oil and gas equipment maker, according to two people familiar with the matter.

Charterhouse Capital Partners is trying to persuade the lenders to amend rules governing loans to Bartec. All lenders were invited to vote to choose financial advisers and Deloitte was appointed on Tuesday, said the people, who asked not to be identified because they’re not authorized to speak about it. The group includes Ares Management LP, Idinvest Partners and Partners Group Holding AG, which are working with law firm Kirkland & Ellis and pushed back against a proposal from the private equity company last month, the people said.