Debenham owners to scoop £130m dividend

The three new private equity owners of Debenhams are set to share a £130m (€194m) dividend pay-out before the end of the month, following the completion of a high-yield bond sale by the UK department store group next week.

CVC, Texas Pacific and Merrill Lynch Private Equity, the consortium of private equity firms that bought Debenhams for £1.7bn at the end of last year, will divide up most of the pay-out between them.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It