Bloomberg reported that after two weeks of trying to peddle debt backing the largest private-equity buyout of 2015, Bank of America and Morgan Stanley have postponed marketing $5.5 billion of debt funding to finance Carlyle’s takeover of Veritas.
The Carlyle Group announced it agreed to acquire a majority stake in Conifer Financial Services, an independent asset services firm. Macquarie Capital and Freeman & Co. served as financial advisors on the transaction.
Reuters reported that Ortho-Clinical Diagnostics, a unit of Johnson & Johnson, will launch a $2.525 billion senior secured credit facility to finance its acquisition by Carylyle Group.
Reuters reported JPMorgan Chase, Goldman Sachs, BofA Merrill, Barclays, Citigroup and Credit Suisse have committed debt financing to support Carlyle Group’s $3.2 billion acquisition of Illinois Tool Works.