Private equity buyers sought for debt held by Kaupthing

Investment bank Close Brothers is corralling mid-market GPs to acquire leveraged debt owned by Icelandic bank Kaupthing. The debt relates to such buyouts as Coral Eurobet and Merlin Entertainment Group.

European investment bank Close Brothers is attempting to form a consortium of mid-market private equity firms to acquire leveraged buyout debt from collapsed Icelandic bank Kaupthing.

A source close to the situation, however, said that the operation was still in its early stages with no deals likely to be struck before the end of this year.

Share this