Partners Group Favors Banks Over Private Credit on Rosen Buyout
- Banks beat out private credit funds on $1.2 billion debt deal
- Partners in advanced talks to acquire engineering firm Rosen
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Partners Group Holding AG, a global buyout firm, is set to finance the potential purchase of Rosen Group with bank funding, people with knowledge of the matter said, dealing a blow to private credit funds keen to back the deal.
The financing is set to be as big as $1.2 billion and will likely be structured as a term loan B, a relatively high-yielding form of debt typically sold to institutional investors, according to the people, who weren’t authorized to speak publicly.