Former Editor

Mid-market buyout firm Palamon Capital Partners has successfully refinanced a portfolio company with Royal Bank of Scotland, in a controversial deal that has allowed it to pay a dividend.

Palamon Capital Partners has recouped 1.5 times its original equity investment in UK pre-university training company Cambridge Education Group, using a £23m dividend recapitalisation provided by RBS. The bank is 83% owned by the UK taxpayer following a government bail out.

Private equity firm successfully refinances portfolio company with RBS, in a controversial deal that allows it to pay a dividend

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RBS deal prompts Palamon dividend

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