Club Deal


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Club Deal

A situation in which a group of private equity firms acquires a publicly-traded company. A club deal can be beneficial to the private equity firms because it reduces the capital each must use in order to buy the company. However, because a club deal reduces the number of competing bids, shareholders may receive a smaller price for their shares. See also: Hostile takeover.
References in periodicals archive ?
ELITE Club Deal helps to bridge a funding gap and streamline the capital raising process for companies, bringing them together with investors and corporate advisers.
TrueTwit How does the club deal with players where offers come in.
The syndication, a combination of conventional and Islamic financing structures, was Pacific Controls' second syndication over the past three years; its first club deal was facilitated by NBF in 2012, before the formation of NBF Capital.
But for me it's Turn to Page 59 From Back Page just letting my agent and the club deal with it and whenever it gets sorted, it gets sorted.
A leading private lender in Qatar, Commercial Bank said it led a joint mandate club deal along with one of the major regional banks for facilitating finance to Joannou & Paraskevaides (Overseas), which had won the QR1.7-billion ($458 million) West Corridor deal from Public Works Authority (Ashghal).
The Facility will be used for the Company's working capital needs and the refinancing of the previous $600 million club deal facility.
TRUMP OCEAN CLUB DEAL. South Africa's Sun Intl reached an agreement with Newland Intl Properties to acquire the casino component of the Trump Ocean Club hotel in Panama, reports Iol.co.za (Nov.
10 November 2011 - Norwegian agricultural machinery group Kverneland ASA (OSL:KVE) said on Wednesday it has signed a term sheet for a new bank facility of EUR72m under a club deal led by SR-Bank.
Even speaking to MUTV on Monday, he refused to state his intentions, allowing him to set off on holiday and let the club deal with an announcement most felt was coming.
It is a club deal in which BBVA, the Bank of Tokyo-Mitsubishi, Deutsche Bank, London Branch, ING Belgium, JP Morgan, Morgan Stanley Senior Funding, Natixis and the Royal Bank of Scotland are taking part.
I was delighted with what Roy Hodgson had to say on the matter and how he has handled it - and it is vitally important now the club deal with this issue in a very strong way.
The company has agreed to a new GBP30m revolving credit facility in a club deal with HSBC and Yorkshire Bank.
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