Credit Suisse First Boston, Lehman Brothers and Royal Bank of Scotland have launched the €2.22bn ($2.18bn) credit facilities to finance the €5bn leveraged buy-out of Legrand by private equity firms Kohlberg Kravis Roberts (KKR) and Wendel Investissement.

The new credit facilities will partly fund the purchase of Legrand, which is Continental Europe's largest ever buy-out. The price tag includes €1.3bn in assumed debt and additional costs.