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Investing.com -- German toy company Schleich, owned by Partners Group, is in discussions about a debt restructuring that could result in the private equity firm losing control to creditors.
Lenders including credit firms Investec (LON:INVP) and H.I.G. are offering to provide €5 million ($5.8 million) in fresh capital to address Schleich’s immediate liquidity needs, according to Bloomberg, citing people familiar with the situation.
Blackstone Inc. (NYSE:BX) is also participating in the negotiations as it manages some loans for other financial institutions.
The restructuring could result in creditors taking temporary control of the German toy maker, with plans to later initiate a sale process to find a new long-term owner.
The discussions are ongoing, and the final outcome may still change, the sources indicated.
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