Cinven is asking the banks to submit debt proposals, said Reuters, citing banking sources.
Debt packages could amount to £250m and include senior leveraged loans and subordinated debt, said the people. The share of debt in the buyout is expected to be 60 per cent.
European buyout firm Montagu agreed to sell Host Europe Group to Cinven for £438m earlier this month.
That deal was backed by about £115m of debt according to Reuters.
Providence Equity Partners, TA Associates and Hellman & Friedman were all linked with bids for the business, but Cinven eventually sealed the deal through its €5.3bn fifth fund closed last month.
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