EQT Plans Colisee Cash Injection, Loan Writedown to Fix Finances

Private equity fund EQT ABcould inject more than €200 million ($225 million) into French nursing home operator Colisee Group SAas part of a deal to fix the company’s finances and reduce its debt.

Colisee and its private equity owner presented a plan to lenders offering to convert over a third of its €1.17 billion term loans in exchange for a stake of about 33%, according to people familiar with the matter, who spoke on the condition of anonymity. Under the terms of the proposal, EQT would inject fresh equity into the business, the company said in a statement ...