CD&R-Backed Vialto Restructures to Lower Debt After PwC Sale (1)

Vialto Partners, a provider of tax and immigration services, has agreed to restructure its debt a little more than two years after the company spun out of PricewaterhouseCoopers and was acquired by private equity firm Clayton Dubilier & Rice.

A group including CD&R and existing lenders, including HPS Investment Partners, agreed to a deal that will inject $225 million of new equity into Vialto and slash around $700 million of its existing debt, according to a statement on Monday. HPS will become a minority equity owner as part of the deal, while CD&R will retain its majority ...