Carlyle Group’s credit arm has invested a combined $1.5bn in the debt of two of the highest profile deals of the year so far, the buyout of Citrix Systems Inc and Nielsen Holdings Plc, according to a report by Bloomberg.
The report cites unnamed sources as revealing that Carlyle has invested around $750m in the Citrix buyout, with roughly half of that amount being on the secured debt portion that banks syndicated at steep losses last month, and the other 50% or so on a preferred equity piece that was arranged at the start of the year.
The firm has also bought around $750m of the $2.15bn of second-lien debt backing the buyout of Nielsen that banks privately placed earlier this year with a group of lenders that included Ares Management Corp.
Read more: Private Equity Wire
