Arle Capital Partners has lost control of automotive business intelligence provider EurotaxGlass in the latest example of a boom-era buyout being seized by lenders this summer.

Arle lost control of the company to a syndicate of lenders earlier this month, according to two people familiar with the situation, after failing to agree terms on a restructuring of the company's €355m debt pile.

The private equity group fails to reach agreement with lending syndicate over a €355m debt pile at the automotive business intelligence provider

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