Apollo, Goldman Eye Record €4.5 Billion Direct Loan for Adevinta

Private credit funds at Apollo Global Management Inc. and Goldman Sachs Asset Management are among firms working on a plan to provide a €4.5 billion ($4.8 billion) loan to back a take-private bid for classifieds company Adevinta ASA, according to people familiar with the matter.

If it goes ahead, the loan would be the largest direct lending deal ever in Europe, topping the £3.5 billion ($4.3 billion) provided to Access Group last year, according to data compiled by Bloomberg.

Adevinta said last month it received a non-binding takeover proposal from a private equity consortium that includes Blackstone Inc. and ...