The three new private equity owners of Debenhams are set to share a £130m (€194m) dividend pay-out before the end of the month, following the completion of a high-yield bond sale by the UK department store group next week.

CVC, Texas Pacific and Merrill Lynch Private Equity, the consortium of private equity firms that bought Debenhams for £1.7bn at the end of last year, will divide up most of the pay-out between them.