Deals
Private Credit Risks Losing to Banks in Cotiviti’s Buyout Financing
- Blackstone, HPS, Blue Owl among private lenders vying for deal
- Wall Street banks including JPMorgan look to give better price
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The buyout of Cotiviti Inc. is back, and this time banks including JPMorgan Chase & Co. have a good chance of leading the financing.
KKR & Co. is looking to buy a 50% stake in the healthcare data analytics company, and plans to back its bid with about $5 billion to $6 billion of debt. It’s looking at options including getting private credit loans or more conventional leveraged financing from banks, according to people with knowledge of the matter.