Thomson ReutersApril 11, 2014 13:40
By Michelle Sierra
NEW YORK (Reuters) - Private equity firm Blackstone <BX.N> is set to launch a $4.2 billion financing to back its $5.4 billion acquisition of auto parts maker Gates Global. The deal is the second-largest U.S. leveraged buyout financing of the year, according to Thomson Reuters data, and is also the largest private equity buyout of an industrial company in more than four years.
The loans are being provided by Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley and UBS.