EQT’s Colisee Set to Be Taken Over by Creditors in Debt Deal (2)

Creditors to cash-strapped nursing home operator Colisee Group SAS are in talks to take over the business, with sponsor EQT AB set to step away after its own proposal to inject new money failed to win their support.

A group of investors holding some of Colisee’s €1.17 billion ($1.36 billion) term loans is negotiating a write-off of more than a third of the French company’s debt stack with management and other lenders, according to people with knowledge of the matter. The new plan also entails about €300 million of extra financing, the people said, asking not to be identified as ...