Carlyle Group LP is providing as much as £176 million in financing to U.K.-based property services company Leaders Romans Group, which is owned by Bowmark Capital LLP.
Leaders Romans could use the financing, which includes a £126 million senior secured term loan, a new £25 million acquisition facility and an up to £25 million accordion acquisition facility, to pursue its growth and market consolidation initiative, according to a news release published on the PE Hub Network.
The financing is being provided by Carlyle through its $2.4 billion credit opportunities fund.
Separately, Sky News reported, citing unnamed sources, that Carlyle tapped HSBC and JPMorgan to run a strategic review in the next few months for PA Consulting Group Ltd., a U.K.-based management consultancy in which the private equity firm owns a 51% stake.