Commentary & Deal Flow

Kane Bidco (True Potential) (TRUEPT) GBP675m equivalent (GBP/EUR) sr sec notes 2-part due 2027 (5y). NC2 (50%,25%,par). Expect B1/B (stable/positive). Via CS (B&D) physical books/UBS/GS/Barc/Lloyds/NatWest jt books. List ISE. NY law. Small group meetings Tues-Weds (investor call at 3pm UKT today). UOP: fund the acquisition of True Potential by Cinven, refi debt. Biz: leading provider of advisory services, wealth  management and investment strategies to its clients through its in-house purpose-built proprietary technology platform. HQ: Newcastle, UK. (Acquisition announced 09/09/2021).