Taking the Credit — Do as Dechra does?
- Josie Shillito
- +Jane Li
The £1.25bn-equivalent financing package behind sponsor EQT’s acquisition of UK-listed pharmaceuticals company Dechra is the latest example of deal terms being made public, as a series of take-private transactions lift the lid on the usually secretive world of private credit.
What is unusual about Dechra is that it’s a club deal - including several LPs. This raises two questions: