LPC-Financing for buyout of Tesco's Homeplus includes mezzanine loan

August 24, 2015 1:54 PM

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HONG KONG/SEOUL Aug 24 UBS is backing one of three consortia that submitted bids of around 7 trillion won ($5.81 billion) in the buyout of British retailer Tesco Plc's South Korean unit Homeplus Co Ltd with an underwritten jumbo mezzanine loan, bankers said on Monday.

UBS is backing Carlyle Group's bid and is the only international bank financing a shortlisted bidder. Korean lenders and financial institutions are also backing Carlyle's bid with senior debt financing, including Korea Exchange Bank, Nonghyup Bank, Industrial Bank of Korea and Korea Investments & Se...

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