Bowmark-backed Leaders Romans secures financing deal with Carlyle
Summary
Carlyle Group LP is providing as much as \xa3176 million in financing to U.K.-based property services company Leaders Romans Group, which is owned by Bowmark Capital LLP.Leaders Romans could use the financing, which includes a \xa3126 million senior secured term loan, a new \xa325 million acquisition facility and an up to \xa325 million accordion acquisition facility, to pursue its growth and market consolidation initiative, according to a news release published on the PE Hub Network.The financing is being provided by Carlyle through its $2.4 billion credit opportunities fund.Separately, Sky News reported, citing unnamed sources, that Carlyle tapped HSBC and JPMorgan to run a strategic review in the next few months for PA Consulting Group Ltd., a U.K.-based management consultancy in which the private equity firm owns a 51% stake.