Partners Group Is in Talks to Hand Smurf Toymaker to Creditors
A model Tyrannosaurus Rex at the Schleich stand at the British Toy And Hobby Association exhibition in London, in 2016.
Photographer: Jason Alden/BloombergPartners Group-owned Schleich is discussing a debt restructuring that could see the private equity firm hand over the keys of the German toy company to its creditors, people with knowledge of the matter said.
The firm’s lenders, including credit firms Investec and H.I.G., are offering to inject €5 million ($5.8 million) of fresh capital to address its immediate liquidity needs, they said. Blackstone Inc. is also involved in the talks as it’s managing some loans for other institutions, some of the people said.