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Debt tables turn on buyout firms

Debt investors are increasingly gaining the upper hand in negotiations on terms with financial sponsors

The tables are turning between private equity firms and debt investors, who are increasingly seeking better terms on financing packages in stark contrast to the picture just months ago.

Buyout-backed companies including the RAC, Gondola Holdings, which operates the Pizza Express, Ask and Zizzi restaurant chains, and French optical engineering company Spie have instigated talks with lenders about amending financing terms.

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