Dubai's GEMS to meet banks for $1.65 bln refinancing - LPC news service - Reuters:
Dubai-based GEMS Education is meeting banks in London and New York this week to discuss refinancing worth $1.65 billion, according to LPC, a fixed income news service that is part of Refinitiv.
GEMS, which owns and operates 49 schools in the UAE and Qatar, said last week that a consortium led by private equity firm CVC Capital Partners has agreed to acquire a 30% stake in the company from existing shareholders.
The company also said it had launched a refinancing plan which includes loans and bonds, without giving further details.
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