The Carlyle Group’s decision to dissolve a $15 billion deal with Veritas Capital for a stake in its healthtech company Cotiviti delivered a blow to multiple firms—including the PE managers that had hoped to assist with a massive financing package. This spring, Carlyle had been in discussions with private credit providers seeking a $5.5 billion unitranche loan—which would have been the largest direct loan ever for this type of deal.
Read the full article: PE Lenders Stung by Carlyle’s Reversal on $15B Buyout //
Source: https://pitchbook.com/news/articles/cotiviti-carlyle-veritas-deal-private-equity-debt