Private equity firms Cinven and Warburg Pincus are lining up around €4bn ($5.15bn) worth of debt financing to support the €2.6bn leveraged buyout of Netherlands cable operator Kabelcom, which is expected to include Europe's largest mezzanine tranche to date.

ABN Amro, Credit Suisse, Goldman Sachs, ING and Morgan Stanley are arranging the debt package which is likely to eclipse the €460m mezzanine facility used to support Gala's £2.1bn (€3.1bn) buyout of bookmaker and gaming company Coral Eurobet last October.