Private Credit Funds’ Certainties Offer An Edge, Says Blackstone’s Scott
- Increasingly, direct lenders are competitive source of funding
- Take-privates of Ergomed, Medica and Dechra sidestepped banks
Dwight Scott
Source: Blackstone GroupThis article is for subscribers only.
Private-lending funds are increasingly becoming the go-to debt providers for buyout firms looking to take companies private.
This week, Permira Holdings turned to Blackstone Inc.’s credit unit to fund its takeover of biopharmaceutical services firm Ergomed Plc. Other similar transactions channeled through direct lenders this year include take-private deals for Dechra Pharmaceuticals and Medica Group Plc.