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Goldman Sachs' private credit arm is assembling a club that includes CVC and Park Square to take on a potential €4bn unitranche debt deal for Adevinta, market sources told 9fin. Details of the club are yet to be decided and the talks are in a preliminary stage, sources said, and more partners may still be added.

GIC is part of a separate club being put together by deal sponsors Blackstone and Permira, 9fin reported, to rival Goldman’s offer.

“It’s a huge ticket, that’s undeniable,” one person familiar with the matter said. “Goldman’s wanting to work with people it has a proven track record with, individuals it knows it can rely on.”