KKR, Clearlake to Provide €300m PIK to Ardian’s Dedalus

KKR’s direct lending arm and Clearlake’s credit division are jointly providing a payment-in-kind note of around €300 million ($348 million) to healthcare software company Dedalus, which is owned by private equity Ardian, according to people familiar with the matter.

• Ardian, Clearlake, Dedalus and KKR declined to comment on the financing
• NOTE: Bloomberg News last month reported that Dedalus was in talks with private credit funds to refinance existing PIK notes lent to the company by Tikehau Capital
• NOTE: Investment firm Clearlake announced last month it completed the acquisition of European private credit specialist MV Credit and ...