Charterhouse Seals $724M in Debt for BvD Deal

Buyout shop Charterhouse has collected roughly 510 million euros ($724 million) in loans to back its buyout of Dutch company Bureau Van Dijk Electronic Publishing from rival firm BC Partners, Reuters reported Thursday. The debt includes 370 million euros of senior loans and roughly 140 million euro of mezzanine loans, Reuters wrote. Credit Suisse, Goldman Sachs, JP Morgan and Nomura are arranging the senior financing.

(Reuters) – Private equity firm Charterhouse has obtained roughly 510 million euros ($724 million) of loans to back its buyout of Dutch company information provider Bureau Van Dijk Electronic Publishing (BvD) from BC Partners, banking sources said.

BC Partners agreed this week to sell the business to Charterhouse, the sources said.

The debt includes around 370 million euros of senior loans and roughly 140 million euro of mezzanine loans, the sources said.

Credit Suisse, Goldman Sachs, JP Morgan and Nomura are arranging the senior financing, which may be syndicated to a number of BvD’s existing lenders before launching for general syndication after the summer, the sources added.

The senior loans are split into a 60 million euro six-year term loan and a 300 million euro seven-year term loan B. There is also a 10 million euro revolving credit facility.

Interest margins on the loans are still under discussion, the sources said.

BC Partners bought BvD in July 2007 from Candover and its founders. The company provides electronic business and financial information. ($1 = 0.704 Euros) (Reporting by Isabell Witt; Editing by Hans-Juergen Peters)