CVC Chooses Banks Over Private Credit in Latest Buyout Deals

CVC Capital Partners has opted to finance two of its latest buyouts with loans from investment banks, according to people with knowledge of the matter, beating out direct lenders in the process.

The private equity firm financed its acquisition of Italian restaurant chain Gruppo La Piadineria with a €200 million ($218 million) loan from lenders including UniCredit SpA, Credit Agricole SA and Natixis, said people familiar with the deal, who weren’t authorized to speak publicly. Those lenders are expected to sell on some of the debt to a wider group of banks.

CVC also funded its acquisition of ...