Banks to take stake in Bridgepoint’s Rodenstock

Banks to take stake in Bridgepoint’s Rodenstock
Buyout firm Bridgepoint has agreed a deal that will give the lending banks a 49% stake in its German portfolio company Rodenstock in return for recommitting to its existing debt and providing an additional €40m debt facility, said sources close to the deal.
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Europe central banks nearing higher rates
European central banks are creeping towards rises in interest rates as inflation runs above targets although fears that they could stifle fledgling recoveries may yet give them pause.
Read more on Reuters via Yahoo! UK & Ireland News