Private Credit Firms Seize Control of Telecom Supplier Netceed in Debt Restructuring
Major private credit lenders are acquiring struggling telecom equipment provider Netceed through a comprehensive debt restructuring. The agreement reportedly includes substantial debt forgiveness and €70 million in new liquidity to stabilize the company’s operations.
Private Credit Lenders Assume Ownership of Telecom Supplier
Private credit firms including Pemberton Asset Management, Blue Owl Capital Inc., and Hayfin Capital Management are taking control of telecommunications supplier Netceed through a debt-for-equity swap arrangement, according to reports from people familiar with the matter. The restructuring represents a significant shift in ownership for the Cinven-controlled company, which has been facing financial challenges in the competitive telecom equipment sector.
